Nikkei Index Sets Another Intraday Record High
The Nikkei 225 Average, Japan's leading stock market index, which has continued its upward trajectory after reaching an all-time high last week, set another intraday record on August 18.
At around 9:14 a.m. that day, the Nikkei index stood at 43,714, up 336 points from the previous trading day.
NHK explained that buying momentum in the Japanese stock market is continuing, as the view that the U.S. economy is not performing poorly is spreading.
However, the Nikkei newspaper reported that the announcement by U.S. President Donald Trump of upcoming semiconductor tariffs is causing related stocks, such as Tokyo Electron, to fall further. In addition, SoftBank Group, which had previously led the rally, is also declining due to selling for profit-taking.
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Last week alone, the Nikkei index set closing record highs on three separate occasions.
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