Japan's Nikkei Breaks 59,000 for First Time, Hits Record High

International|
|
By Kim Jung-wook
|
Nikkei index breaks through 59,000 level for first time... hits intraday high for second consecutive day - Seoul Economic Daily International News from South Korea
Nikkei index breaks through 59,000 level for first time... hits intraday high for second consecutive day

Japan's benchmark Nikkei 225 index broke through the 59,000 level for the first time on the 26th, marking a second consecutive day of record intraday highs.

As of 11:35 a.m., the Nikkei stood at 58,856, up 0.47% from the previous day's close. The index touched 59,332 during the session, setting a new intraday record for the second straight day.

"Buying momentum dominated the stock market as U.S. equities rose overnight and the yen weakened," Kyodo News reported.

The weaker yen is boosting expectations for improved earnings at Japanese companies, providing a tailwind for equities.

The Nikkei has maintained upward momentum amid a global equity rally, supported by continued foreign capital inflows.

Related Video

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.