Boosted by technology stocks, the Nikkei Index rises to a record high

Golden Ten Data reported on April 22 that boosted by major tech stocks such as SoftBank Group, the Nikkei 225 Index reached a record high on Wednesday, although uncertainty over peace talks between the US and Iran continued to weigh on market sentiment. The index fluctuated in early Asian trading but still rose by about 0.5%. Heavyweight stocks supported the Nikkei’s gains, with technology investment group SoftBank up 9.3% and chip testing equipment manufacturer Advantest rising 2.2%. However, Kensuke Togashi, chief strategist at Daiwa Asset Management, said: “Although some stocks related to artificial intelligence, data centers, and semiconductors are driving the market higher, the overall number of rising stocks is not large. This pattern seems to be continuing today.”