Odaily Planet Daily reports that on Monday local time, the Nikkei 225 Index rose over 2,000 points, surpassing the 56,000-point mark for the first time in history—this also pushed Berkshire Hathaway’s Japanese assets, including the five major trading companies, to a market value exceeding $41 billion. Since 2019, Warren Buffett, who has stepped down as Berkshire Hathaway’s CEO, has made a series of large bets on Japanese stocks. On Monday, the Tokyo stock market surged, boosting related stocks, with a single-day unrealized gain of nearly $2 billion. According to details released in Berkshire’s financial report, the investment cost was approximately $13.8 billion, meaning this investment has nearly doubled in value. (Jin10)
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Japanese stocks surge, Buffett's single-day unrealized gains near $2 billion
Odaily Planet Daily reports that on Monday local time, the Nikkei 225 Index rose over 2,000 points, surpassing the 56,000-point mark for the first time in history—this also pushed Berkshire Hathaway’s Japanese assets, including the five major trading companies, to a market value exceeding $41 billion. Since 2019, Warren Buffett, who has stepped down as Berkshire Hathaway’s CEO, has made a series of large bets on Japanese stocks. On Monday, the Tokyo stock market surged, boosting related stocks, with a single-day unrealized gain of nearly $2 billion. According to details released in Berkshire’s financial report, the investment cost was approximately $13.8 billion, meaning this investment has nearly doubled in value. (Jin10)