Key Facts
• Prime Minister Ishiba announced resignation, sparking stock market optimism.
• Nikkei Stock Average briefly exceeded 44,000 yen for the first time in history.
• Morning trading saw a 3-week high before reaching the record-breaking level.
• U.S. Federal Reserve’s potential rate cuts boosted tech stocks in New York.
• Semiconductor-related stocks in Japan saw increased buying interest.
• Afternoon profit-taking led to a slight decline, closing at 43,459.29 yen.
• Political stagnation eased, with expectations for proactive economic policies from the next administration.
Summary
The Nikkei Stock Average briefly surpassed the historic 44,000 yen mark, driven by optimism following Prime Minister Ishiba’s resignation announcement. This milestone, achieved during morning trading, marked a 3-week high. Market sentiment was further bolstered by expectations of proactive economic policies from the next administration and the U.S. Federal Reserve’s potential rate cuts, which lifted tech stocks in New York. Semiconductor-related stocks in Japan also saw strong buying interest. However, profit-taking in the afternoon led to a slight decline, with the Nikkei closing at 43,459.29 yen, slightly lower than the previous day.
