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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.
Japan’s Nikkei 225 rose sharply on Wednesday, reversing Tuesday’s decline, reaching a fresh all-time high of 66,428.81 and last up 919.94 points (1.42%) at 65,916.03. Tech and chemicals led gains (e.g., Screen Holdings, Tokyo Electron), while SoftBank and some banks fell. Japan producer prices rose 3.0% y/y in April.
Japan’s Nikkei 225 rose sharply on Wednesday, up 919.94 points (1.42%) to 65,916.03, after hitting a fresh all-time high of 66,428.81. Tech gains offset declines in automakers and banks. SoftBank fell nearly 4% and Fast Retailing rose nearly 4%. Producer prices rose 3.0% y/y in April, below expectations.
