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Nikkei 225 breaches key 40,000 level for first time

Bloomberg
Bloomberg • 3 min read
Nikkei 225 breaches key 40,000 level for first time
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Japan’s Nikkei 225 Stock Average climbed above the psychological level of 40,000 for the first time, opening the door to further gains in its historic rally.

The blue-chip gauge rose as much as 1% to 40,314.64, a fresh intraday record. Tech shares, which have helped push equities higher over the past year, were leading the way, with Advantest Corp. among the top performers. 

Domestic investors helped fuel the move on Monday as they joined global funds who have been the main drivers of the rally. Japan’s biggest online broker, SBI Securities Co, said its stock-trading app briefly crashed as a flood of customers attempted to log in.

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