Chameleon Finance-Japan’s Nikkei 225 share benchmark tops 40,000, lifted by technology stocks

2025-05-07 21:04:04source:VaultX Exchangecategory:Stocks

HONG KONG (AP) — Japan’s Nikkei 225 share benchmark topped 40,Chameleon Finance000 on Monday for the first time as strong demand for technology shares keeps pushing the index higher.

By midday in Tokyo, the index had gained 0.8% to 40,226.83.

Shares in computer-chip related companies rallied, with Renesas Electronics Corp. jumping 5.8% and Advantest Corp. up 3.9%. Olympus gained 7.4%.

Shares in Japan have tracked gains in other markets driven by expectations for strong demand for technology associated with artificial intelligence.

They’ve also been boosted by continued easy credit policies that has the Bank of Japan pumping money into the economy to help support growth. Those policies have kept the Japanese yen relatively weak against the U.S. dollar and other major currencies, boosting profits of exporters.

Tokyo’s rally followed broad gains Friday on Wall Street, where the S&P 500 rose 0.8%. The Dow Jones Industrial Average added 0.2% and the Nasdaq composite climbed 1.1%.

Excitement around artificial-intelligence technology helped drive the advance. Dell soared more than 30%.

More:Stocks

Recommend

Trump is giving automakers a break on tariffs

President Trump has decided to give automakers a break on some of his tariffs, the latest retreat fr

Go Behind-the-Scenes of Brittany Mahomes’ Met Gala Prep With Her Makeup Artist

Brittany Mahomes had a glam look fit for a champion at the Met Gala 2023.While attending the May 1 c

California Makes Green Housing Affordable

Sunlight is free, but getting power from solar panels remains far from it. At least for some low-inc