Japanese Market Sharply Higher At All-time Highs
Japan’s Nikkei 225 rose sharply on Wednesday, reversing Tuesday’s decline, reaching a fresh all-time high. The index was up 919.94 points (1.42%) at 65,916.03 after hitting 66,428.81. Tech and chemical stocks led gains, while SoftBank and some banks fell. Japan producer prices rose 3.0% y/y in April, below 3.3% expected.