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STOCKS HOLD RECORDS WITH POWELL IN VIEW, NIKKEI TOPS 40




The global markets are buzzing with activity as record-breaking performances continue to unfold. With tech-led U.S. and world stock indexes reaching unprecedented heights, investors are closely monitoring developments ahead of Federal Reserve Chairman Jerome Powell's upcoming testimony.

In Japan, the Nikkei soared past the 40,000 mark for the first time, fueled by excitement surrounding artificial intelligence. Advantest and Tokyo Electron, key players in the chip industry with ties to AI giant Nvidia, saw notable gains. South Korea's Kospi and Taiwan's benchmark also experienced significant upticks, reflecting the positive sentiment rippling across Asian markets. Wall Street's recent surge to new records, including intraday peaks for the Nasdaq and the Russell 2000 small cap benchmark, has set the tone for global equities. Additionally, MSCI's all-country index reached historic highs on Monday, underscoring the widespread bullish sentiment prevailing in the markets.

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