Global Markets | Nikkei crosses 59,000 for first time on software rally; gains shrink on profit taking
The Economic Times·2026-02-26 07:45
The benchmark The Nikkei index lost some steam over the course of the session as markets digested the chipmaker Nvidia's results, analysts said."Since it was widely expected that NVIDIA would post strong results, and it did, this has prompted some profit-taking for the moment," said Yutaka Miura, senior technical analyst at Mizuho Securities.The Nikkei's 14-day relative strength index (RSI) was slightly above the 70-mark that indicates gains have stretched too far and are poised to reverse.Live Even ...