economy

February 26, 2026

Japan's Nikkei 225 crosses 59,000 for the first time as central bank board picks fuel 'Takaichi trade'

Asia-Pacific markets were poised to open higher on Thursday, tracking Wall Street gains as strong earnings from Nvidia and Oracle lifted investor sentiment.

Japan's Nikkei 225 crosses 59,000 for the first time as central bank board picks fuel 'Takaichi trade'

TL;DR

  • Japan's Nikkei 225 hit a record high of 59,000, extending its winning streak.
  • The 'Takaichi trade' is driving Japanese equities, based on bets of growth-oriented policies and a weaker yen.
  • Ayano Sato and Toichiro Asada, with dovish stances, were appointed as central bank board members in Japan.
  • South Korea's Bank of Korea raised its key interest rate by 0.25% to control inflation.
  • Asian tech stocks, including Samsung Electronics and SK Hynix, rallied following strong results from U.S. companies like Nvidia.
  • Nvidia's fourth-quarter results surpassed expectations, driven by its data center segment.

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