US Follows, Japan Stock Market Also Kicks High Unstoppably

Nikkei Index Hits 37,800 Intraday for First Time in 34 Years Since Bubble Economy
Led by Semiconductor Stocks
US Major Indexes' Record Highs Also Boost Sentiment

After a three-day holiday, the Japanese stock market reopened and is once again running fiercely.

The Nikkei Index, the representative stock index of the Japanese stock market, recorded 37,798 points on the morning of the 13th, up 2.44% from the previous trading day. It briefly touched the 37,800 mark. The Nikkei Index reaching 37,800 is the first time in 34 years since February 1990 during the bubble economy period. Semiconductor stocks are particularly strong. Tokyo Electron's stock price, which raised its earnings forecast for the 2023 fiscal year (April 2023 to March 2024) on the 9th, surged more than 10%.

Additionally, the fact that major U.S. stock indices have consecutively hit record highs also acted as a positive factor for the Japanese stock market, according to the local public broadcaster NHK.

As the Nikkei Index draws a steep upward curve, attention is focused on whether it will break its all-time high. The Nikkei Index's all-time high was 38,915, recorded at the end of 1989.