Japan's Nikkei index surged to a 34-yr high on Tuesday, driven by tech shares and positive earnings.

On Tuesday, Japan's Nikkei stock index surged to its highest level in 34 years as chip shares and robust corporate earnings fueled the growth. Trading resumed after a long holiday weekend, resulting in a 2.44% increase that pushed the Nikkei to 37,798.89. The national holiday closure on Monday contributed to a climb of over 1,000 points during afternoon trade. The Nikkei's strong performance coincided with a weakening of the yen due to no expected US rate cuts and a boosted dollar.

February 12, 2024
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