Nikkei Surpasses 40,000 as Investors Await China Meeting

Asian Market Update: Japan’s Nikkei Tops 40,000 as Investors Await China’s National People’s Congress

Asian stocks were mostly higher on Monday as investors eagerly awaited updates from China’s National People’s Congress (NPC), while Japan’s benchmark Nikkei 225 index surpassed the 40,000 level for the first time. The Nikkei briefly rose above 40,000 before settling at 40,150.00, marking a 0.5% increase. This surge comes on the back of Wall Street’s recent gains and is fueled by expectations of strong demand for AI-related technology, an accommodative monetary policy by the Bank of Japan, and a weakened yen boosting profits for exporters.