Nearly $2 Billion Daily Profit? Japanese Stocks Soar, Buffett Benefits Again

BlockBeats News, February 10th. This Monday, the Nikkei 225 index surged more than 2000 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 the investments in the five major trading companies, above $41 billion.

Starting in 2019, Warren Buffett, who has stepped down as Berkshire's CEO, made a series of large bets on Japanese stocks. The sharp rise in the Tokyo stock market on Monday lifted the share prices of related companies, resulting in a nearly $2 billion unrealized gain in a single day. Combining details from Berkshire Hathaway's financial report, the investment cost was approximately $13.8 billion, meaning that this investment has almost doubled in value. (Jinse)