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Nikkei Stock Average Hits New All-Time High Amid Strong Tech Buying
The Nikkei Stock Average surged by more than 600 yen at one point during today's trading session, reaching a new all-time high as it briefly touched the 63,300 yen level.
The index opened positively, gaining 489.79 points, buoyed by robust buying interest in technology stocks, which have been a significant driver of market momentum. This bullish sentiment aligns with a recent adjusted sentiment score of 73, indicating a prevailing atmosphere of greed among investors, despite the market's overall coverage remaining at a relatively low 17.
The current trading range for the Nikkei remains firmly in the 63,000 yen territory, reflecting strong investor confidence and a positive outlook for the Japanese equity market, particularly in the tech sector, which has shown resilience and growth potential amidst global economic uncertainties.