Japan's Nikkei Surges 574 Points Above 37,000 on Trade Talk Optimism, TOPIX Hits 11 Consecutive Gains

Japan's Nikkei Stock Average experienced a steady rise, reaching levels above 37,000 points for the first time since late March. On May 8, the Nikkei closed the morning session up by 83.15 points at 36,863.15. The following day, May 9, the index continued its upward momentum, surging more than 400 points at one stage to surpass the 37,000 mark, a level not seen in about a month. The Tokyo Stock Exchange's morning close on May 9 was 37,478, buoyed by positive sentiment from rising U.S. stock markets and a weakening yen. By the end of the trading day, the Nikkei closed at 37,503, up 574 points from the previous day, recovering to levels last seen in late March. This rally reflects optimism around ongoing trade talks and the underlying strength of Japanese companies, as indicated by the TOPIX index's 11 consecutive gains.