Nikkei Index Hits Record High Again in 3 Weeks... Boosted by U.S. Market Rally
After Prime Minister Shigeru Ishiba Announces Resignation
Expectations for Expansionary Fiscal Policies
Japanese Market Rises Alongside U.S. Stock Rally
The Nikkei 225, Japan's leading stock market index, set a new all-time closing high for the first time in about three weeks.
On September 10, the Nikkei 225 closed at 43,837, up 0.87% from the previous day. The index has generally been on an upward trend since Prime Minister Shigeru Ishiba announced his intention to step down on September 7. This is due to expectations that the next government will implement expansionary fiscal policies.
Nihon Keizai Shimbun (Nikkei) reported that the record-high closing of the three major U.S. stock indexes in New York on September 9 (local time) also had a positive impact on the Japanese stock market. In particular, technology stocks, led by SoftBank Group, drove the upward momentum.
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The Tokyo Stock Price Index (TOPIX), Japan's broader stock index, also closed at a record high of 3,140 on the same day, up 0.6% from the previous session.
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