For the first time in history, the leading stock index Nikkei 225 in Japan reaches the milestone of 33,000 points, according to CNBC.

Japanese Stock Market Hits a Milestone Level
Japanese Stock Market reaches 33.000 points for the first time

During Tuesday’s afternoon trading in Japan, Nikkei 225 rises by 2 percent.

At the same time, the stock index reaches the psychologically important level of 33,000 points, marking the first time it has happened, CNBC reports. The Japanese Topix index also advances significantly, standing at a 1.46 percent increase.

Among investors in Japan, Asia, and the Pacific region, there is an expectation that the U.S. Federal Reserve, which is currently meeting for two days, will pause interest rate hikes.

This would be the first time in 15 months that the Federal Reserve does not raise rates.

In Hong Kong, the Hang Seng rises by 0.4 percent.

On the mainland, China’s Shanghai Composite Index, on the other hand, falls by 0.06 percent, while South Korea’s Kospi rises by 0.42 percent.

Australia’s S&P/ASX 200 is up 0.19 percent.

On Wall Street in New York, the broad S&P 500 ended yesterday, Monday, with an increase of 0.93 percent.

The Dow Jones climbed 0.56 percent, and the Nasdaq Composite closed with an impressive gain of 1.53 percent.

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