In February Japanese equities performed unprecedentedly well, bringing the Nikkei 225 to a historical high of 39,426 yen on the 27th February. This surge was primarily driven by positive corporate earnings announcements and the expectations for continuous monetary easing policies. The market focused more on semiconductor related names supported by the rallies of these names in US market especially after the earnings announcement by NVIDIA. Foreign investor trading volume continued to be high for the second month running, which was a supporting factor for the market.

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