Tokyo’s Nikkei tops historic 50,000 mark

Tokyo’s benchmark Nikkei 225 stock index briefly surged more than 1,000 points, topping the 50,000 mark for the first time in intraday trading on Monday.

Buy orders rose from right after the opening, as concerns receded about a possible worsening of the US-China trade conflict.

Tokyo shares have been trending up, thanks to diminishing uncertainties surrounding US tariffs.
Other factors include upbeat expectations for a growing AI market and the economic policies of Japan’s new administration.

The index has surged more than 25 percent so far this year.