Japanese stocks surge, Buffett gains nearly $2 billion in a single day
According to Odaily, on Monday local time, the Nikkei 225 Index surged over 2,000 points, surpassing the 56,000-point mark for the first time in history—this also pushed the market value of Berkshire Hathaway's Japanese assets, namely its investments in the five major trading houses, above $41 billion. Since 2019, Warren Buffett, who has stepped down as CEO of Berkshire Hathaway, has made a series of large-scale bets on Japanese stocks. Monday's rally in the Tokyo stock market drove up the share prices of related companies, resulting in a single-day unrealized gain of nearly $2 billion. According to details disclosed in Berkshire's financial reports, the investment cost was about $13.8 billion, which means this investment has nearly doubled in value. (Golden Ten Data)
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