Japan's Nikkei closes at record high as tech heavyweights surge [Yahoo! Finance]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance
closed 2% higher on Friday, as tech-related stocks tracked record-high closings among their U.S. peers after comments from Federal Reserve officials provided cues on the interest rate trajectory. The Nikkei ended at a new closing high of 39,910.82, moving past a record intraday peak of 39,426.29 set earlier this week. The index closed the week higher with a 2% jump. Nikkei rose as high as 39,990.23, just shy of reaching 40,000 for the first time, as it continues to climb to record peaks after last month breaching the lifetime high set during the December 1989 asset bubble. The broader Topix finished 1.26% higher at 2709.42. Traders' sentiment was upbeat after the S&P 500 and Nasdaq closed at record highs overnight, supported by technology stocks linked to AI, while U.S. inflation data and comments from Fed officials fuelled bets of an interest rate cut in June. Japan's chip-related shares, which have greatly contributed to the index's 17% surge this year, also jumped. Inde
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