Japan’s key stock indexes close at record highs on strong tech shares

Japan’s key stock indexes closed at all-time highs on Friday, with the index ending above the 52,000 line for the first time, boosted by strong tech shares after robust earnings reports released overnight by some U.S. technology companies.

The benchmark Nikkei index soared to a record high of 52,411.34, marking a significant milestone for the country’s stock market. The surge was driven by a global tech rally and a softer yen, with Japanese tech stocks leading the charge.

This latest rally in Tokyo’s stock exchange comes after a month of impressive gains, with the Nikkei posting its best month in 3 decades. The broader TOPIX index also hit all-time highs, reflecting the overall bullish sentiment in the market.

Investors are optimistic about the future prospects of tech companies, as evidenced by the strong performance of major U.S. tech firms and their impact on Japanese stocks. The ongoing trade truce between the U.S. and China has also provided a boost to Asian markets, including Japan.