Nikkei Hits 60000 Level for First Time on Tech Rally

Japan's Nikkei share average reached the 60,000 level for the first time today as SoftBank and chip stocks rallied. Gains followed a ceasefire extension in Iran.

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The Nikkei 225 reached a historic milestone on Thursday, crossing the 60,000 level for the first time in history. The rally in Japan was primarily driven by a surge in technology stocks and a notable improvement in global risk appetite following geopolitical developments involving the United States.

A pedestrian in Tokyo walks past a digital display showing the Nikkei index and the Yen exchange rate against the Dollar. REUTERS/Kim Kyung-Hoon
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