Tokyo Sets Records as Nikkei Surpasses 43,300 Points

At around 06:30 GMT, the Nikkei index gained 1.48%, reaching a record high of 43,348.50 points, reflecting a total increase of 7.5% since August 4. Out of its 225 components, 183 saw gains, 41 experienced declines, and one remained unchanged. The broader Topix index also rose by 1%, achieving an unprecedented level of 3,097.94 points, marking its sixth consecutive day of increases. Japanese stocks followed the upward trend of Wall Street, buoyed by hopes of a Federal Reserve interest rate cut following a lower-than-expected U.S. consumer price index for July. Analysts noted that easing concerns over U.S. tariffs also contributed to the positive market sentiment. Technology stocks led the gains, with Renesas Electronics surging over 7%, Advantest increasing by more than 2%, and Sony Group rising by 4.6%.