Japanese and South Korean stock markets surge! Nikkei 225 Index hits new high again

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On February 9th, the Nikkei 225 Index rose 5.1% to 56,999.60 points, continuing to hit new highs.

On February 9th, the stock markets in Japan and South Korea opened with a surge. As of press time, the South Korean KOSPI Index was up over 4%, and the Nikkei 225 Index was up over 5.5%.

In terms of news, the results of Japan’s House of Representatives election were announced, with the ruling coalition securing more than half of the seats. The House of Representatives was officially dissolved on January 23rd. From dissolution to voting, only 16 days passed, setting a new record for the shortest interval since the end of World War II.

Last Friday, the U.S. stock market surged significantly. The Dow Jones and Nasdaq rose over 2%, and the S&P 500 increased nearly 2%. Chinese concept stocks performed even better, with the Nasdaq Golden Dragon China Index soaring 3.7%. On the news front, due to previous U.S. employment data falling short of expectations, expectations for Fed rate cuts suddenly increased.

(Source: Securities Times)

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