Stock Markets Hit Record Highs as Japan’s Nikkei 225 Crosses 40,000 Mark
In a remarkable turn of events, Japan’s Nikkei 225 Stock Average reached a new record high on Monday, crossing the 40,000 mark for the first time in history. This milestone comes as the broader Topix index also rose by 0.2%, breaching the 2,700 mark and setting a new peak.
Meanwhile, in the United States, the S&P500 and Nasdaq Composite also hit all-time highs on Friday, reflecting the positive sentiment in the global stock market. However, in China, the CSI 300 edged lower after opening higher, while Hong Kong’s Hang Seng index fell by 0.2%.
Investors are closely monitoring China’s “Two Sessions” meetings, which refer to the annual gatherings of the country’s legislature and political advisory body. China premier Li Qiang is expected to deliver the government’s work report during the meetings, detailing the economic and policy goals for the country, as well as the GDP growth target.
The positive trend in the stock market reflects the optimism surrounding the global economic recovery, as vaccination efforts continue to ramp up and economies gradually reopen. Investors are hopeful that the strong performance of the stock markets will continue in the coming days, as the world navigates the challenges posed by the ongoing pandemic.
As countries around the world work towards economic recovery, the record highs achieved by the stock markets serve as a reassuring sign for investors and economists alike. With the focus now shifting towards the outcome of China’s “Two Sessions” meetings, the global stock market is likely to see further fluctuations in the days ahead.
