Nikkei Closes at Record 42,718

TOKYO, Aug 12 (News On Japan) - The Nikkei Stock Average closed at a record high of 42,718 yen on August 12th, surpassing the previous peak of 42,224 yen set on July 11th last year for the first time in over a year. The benchmark index gained more than 1,100 yen at one point before ending the day 897 yen higher than last Friday’s close.

Investor sentiment was lifted by reduced uncertainty over U.S. tariff policy and a weaker yen, prompting broad-based buying. The rally was also supported by strong performances in U.S. equities over the holiday period, with the tech-heavy Nasdaq Composite hitting a record high amid speculation that the Federal Reserve may cut interest rates sooner than expected.

However, market participants cautioned that the rapid pace of gains could trigger profit-taking. They noted that whether upcoming U.S. economic data confirms continued strength will be key. Attention is now focused on the U.S. Consumer Price Index, set to be released tonight Japan time.

Source: TBS

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