The 225-issue Nikkei stock average continued its rally on Monday, surpassing the 40,000 mark for the first time and setting a new intraday record on the back of enthusiasm from global investors.
The market opened at 40,201.76, before reaching a high of 40,314.64 just before 11 a.m. The market closed at 40,109.23.
“With (the Nikkei index) finally reaching a milestone of the 40,000 level, we believe this momentum is a positive factor for Japan and its market,” said Daishi Sasaki, an executive at Mizuho Securities.
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