Japan's Nikkei average hits 40,000 mark for 1st time in nearly 3 months

Expectations of bigger interest margins push bank and insurer stocks higher

20240626 TSE

The Nikkei Stock Average hit record levels on March 22. (Photo by Yutaka Miyaguchi)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Japan's benchmark Nikkei Stock Average topped 40,000 points in Tokyo trading hours on Tuesday for the first time in three months. Banks and insurance companies traded higher, as investors speculated the recent rise in market yields may contribute to bigger interest margins for the financial industry.

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