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Nikkei 225 Index Hits All-Time High, Tech and Financial Stocks Lead the Japanese Market
BlockBeats News, August 12th, as the Japanese Yen weakened and concerns eased over the impact of U.S. tariffs on earnings, the Japanese stock market rose, with the Nikkei 225 Index reaching a historical high, becoming another major stock index to break records globally this year.
The index surged to a high of 42,613.63 points in early trading, surpassing the previous high of 42,426.77 points set on July 11, 2024. Earlier in 2024, the Nikkei 225 Index had already broken the historical record set in 1989 during Japan's bubble economy era.
The TOPIX index, which more broadly reflects the performance of the Japanese stock market, has also continuously hit new all-time highs since July 24th. On the market, tech stocks and bank stocks led the gains, with SoftBank Group rising by 5.0% and Mizuho Financial Group rising by 2.2%. (Kido)
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