Japan's Nikkei breaches 40,000 level for first time on tech boost

Credit: REUTERS/Issei Kato

By Brigid Riley

TOKYO, March 4 (Reuters) - Japan's main stock benchmark breached the 40,000-point level for the first time on Monday as technology shares jumped.

The Nikkei share average .N225 was last up 0.7% at 40192.48.

Japanese stocks continue to soar to new peaks after last month shattering the life-time high set during the halcyon days of the bubble economy over three decades ago, spurred by corporate governance reform and cheap valuations.

The broader Topix .TOPX was down 0.02% at 2709.07.

(Reporting by Brigid Riley Editing by Shri Navaratnam)

((brigid.riley@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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