World News | Japan's Nikkei 225 Share Index Surges to Another Record High, Approaching 42,000

Tokyo, Jul 10 (AP) Japan's Nikkei 225 share index closed Wednesday at another record high, gaining 0.6% to end trading at 41,831,99.

That followed a record close on Tuesday, as world markets tracked gains on Wall Street.

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The Nikkei 225 index also hit a record intraday high on Wednesday of 41,889.16 as it bounced throughout the day, at times falling back.

The benchmark has advanced nearly 30% in the past year and is up 5% in the past three months.

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Investors have been snapping up technology-related shares as enthusiasm builds over the potential of artificial intelligence. Export-oriented companies have also seen strong gains since their profits have soared due to the weakness of the Japanese yen. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)