Japan’s Nikkei Index Surges Beyond 40000 Amidst AI Excitement

  • Editor
  • March 4, 2024

In a landmark moment for Asian markets, Japan’s Nikkei 225 index shattered the 40,000 barrier, amid artificial intelligence excitement. This is the level unseen in over three decades, buoyed by a global rally that saw Wall Street benchmarks setting new records.

The significant milestone was reached on Monday, with the Nikkei closing up by 0.46%, a clear indicator of the robust investor confidence sweeping through global markets.

This rally comes on the heels of the S&P 500 and the Nasdaq Composite achieving fresh all-time highs on Friday, showcasing a strong market optimism driven by substantial earnings and supportive governmental measures in Japan.

Conversely, the broader Topix index experienced a slight dip of 0.12%, retreating from its record high achieved in the previous session.

People were surely waiting for such news for really long,

As the Nikkei celebrates its historic achievement, the financial world turns its gaze towards Beijing, where China’s “Two Sessions” meetings are set to commence. This annual political event, combining the National People’s Congress and the Chinese People’s Political Consultative Conference, is keenly observed for the economic and policy directions it sets for the year ahead.


Premier Li Qiang is expected to unveil the government’s work report during the meetings, detailing China’s GDP growth target and other significant economic goals. This announcement is particularly pivotal as it provides insights into the policy trajectory of the world’s second-largest economy.


While Japan’s market soared, other Asian indexes showed mixed responses. The CSI 300 edged 0.1% lower, and Hong Kong’s Hang Seng index fell by 0.2%. Contrastingly, India’s Nifty 50 and South Korea’s Kospi saw gains, highlighting the varied investor sentiments across the region.

Here is what people are saying about this:

As global markets navigate through these developments, investors remain vigilant, parsing through the outcomes of China’s political meetings and monitoring the ongoing adjustments in oil production.

With Japan’s Nikkei setting new records and the global economic landscape poised at a crucial juncture, the coming weeks are sure to offer further insights into the dynamics shaping the world economy.

For more of latest news, visit AI news at allaboutai.com

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Dave Andre


Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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