Nikkei 225 Index Surpasses 41,000 for First Time in History

Japan's Nikkei 225 Index has reached a historic milestone by rising above 41,000 for the first time in history. This achievement marks a significant moment in the Japanese stock market, which has seen the Nikkei stock index ending at a record high for two consecutive days. The market's performance is attributed to the weakening yen and has remained resilient even in the face of the country's first interest rate hike since 2007. The rate increase, aimed at curbing the market's rapid growth, has not slowed the momentum of Japanese shares, which closed the week at an all-time high.