Key Facts
• On October 9, the Nikkei Index closed at 48,580, up 845 points from the previous day.
• This marks the first time the index surpassed the 48,000 level at closing.
• The record high was driven by semiconductor-related stocks.
• “Takaichi Trade” momentum continued, fueled by expectations of fiscal policies under the new LDP leader.
• Increased AI-related demand boosted the Nasdaq Composite Index to a record high the previous day.
• Companies like SoftBank Group and Tokyo Electron saw strong buying interest in Tokyo’s stock market.
Summary
The Nikkei Index reached a historic closing high of 48,580 on October 9, gaining 845 points from the previous day. This milestone marks the first time the index closed above 48,000. The surge was primarily driven by semiconductor-related stocks, with companies like SoftBank Group and Tokyo Electron attracting significant buying interest. The “Takaichi Trade,” spurred by expectations of fiscal policies under the new LDP leader, continued to fuel market optimism. Additionally, increased demand for AI-related technologies contributed to the Nasdaq Composite Index hitting a record high the day before, further boosting investor confidence in Tokyo’s stock market.
