Japan's Nikkei crosses 42,000 points as Wall Street rally spurs sentiment
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Japan's Nikkei share average surged to another record high during morning trade on Thursday, as a rally in U.S. stocks overnight boosted investor sentiment. The Nikkei was up 0.83% to 42,179.84 by the midday break, after jumping over 1% to an all-time intraday high of 42,426.77 points. It was the first time the benchmark index has crossed the 42,000-point mark. The broader Topix was up 0.66% at 2,928.30. Strong performances in all three of Wall Street's main stock indexes on Wednesday kicked off the rally. The Nasdaq and S&P 500 finished at record high closes as U.S. chip maker Nvidia and other heavyweights gained ahead of inflation data and quarterly earnings reports. Japan's semiconductor-related shares marched higher with their U.S. peers, which got a boost from strong quarterly revenue results from contract manufacturer Taiwan Semiconductor Manufacturing Co. Gains were widespread, with 178 of the Nikkei's 225 con...