Nikkei Overtakes 1989 High to Hit Record as Global Funds Pour In
- Nikkei surged 2.2% to close at 39,098.68, above 1989 high
- Nvidia’s solid earnings boosted Japanese technology stocks
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Japan’s Nikkei 225 Stock Average reached a record high, joining Wall Street stocks in pushing into uncharted territory.
The blue-chip gauge surged 2.2% to close at 39,098.68, above its past peak formed in 1989, on the back of a rally in technology shares such as Screen Holdings Co. and chipmaking gear producer Tokyo Electron Ltd. after robust earnings from Nvidia Corp.