TOKYO, Aug 12 (News On Japan) –
The Nikkei Stock Average closed at a document excessive of 42,718 yen on August twelfth, surpassing the earlier peak of 42,224 yen set on July eleventh final yr for the primary time in over a yr. The benchmark index gained greater than 1,100 yen at one level earlier than ending the day 897 yen larger than final Friday’s shut.
Investor sentiment was lifted by decreased uncertainty over U.S. tariff coverage and a weaker yen, prompting broad-based shopping for. The rally was additionally supported by robust performances in U.S. equities over the vacation interval, with the tech-heavy Nasdaq Composite hitting a document excessive amid hypothesis that the Federal Reserve might lower rates of interest earlier than anticipated.
However, market contributors cautioned that the speedy tempo of features might set off profit-taking. They famous that whether or not upcoming U.S. financial information confirms continued power can be key. Attention is now centered on the U.S. Consumer Price Index, set to be launched tonight Japan time.
Source: TBS