Global stocks gained ground after a deep selloff across markets from Tokyo to London to New York on Monday. Japanese stocks powered higher, leading gains in Asia.

Global markets rally at open after sliding on Monday

Japan's Nikkei 225 Stock Average surged beyond the psychologically significant threshold of 40,000 points for the first time on Monday. According to a Bloomberg report, this signals potential for further upward momentum in its recent ascent.

Nikkei 225 surpasses 40,000 mark amid historic rally in Japanese stock market

Japanese stocks are defying expectations and leaving their global counterparts in the dust in a market rally that's taking investors by storm, the Nikkei has soared to its highest level in over three decades, outpacing other major markets by a significant margin.

Japan's stock market renaissance | World Business Watch