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CNBC Daily Open: Worries over rate cuts persist

·1 min

Nikkei hits record high

Japan’s Nikkei reached a record high on Thursday, alongside other markets in the region. The Nikkei 225 closed at a peak of 39,098.68, surpassing the previous record set in 1989. Wall Street had a mixed performance, while Nvidia’s strong quarterly earnings led to a rally in artificial intelligence and semiconductor chip stocks. The Federal Reserve expressed caution about quickly lowering interest rates, highlighting the importance of assessing incoming data. Chinese tourists contributed to a travel boom in the Asia-Pacific region, with flight demand expected to match pre-pandemic levels this year.