Japan’s benchmark stock index jumped to a record high on Tuesday, as trading resumed following a holiday, buoyed by easing trade tensions and positive cues from Wall Street.
The Nikkei 225 index rose as much as 2.1% to a record peak of 42,715.72 points. It was trading 2% higher as of 01:10 GMT.
The broader TOPIX index also climbed more than 1% on Tuesday
Investor optimism was fueled by the extension of the U.S.–China tariff truce on Monday, granting both economies additional time to negotiate and reducing anxiety over abrupt policy shifts.
Recent corporate earnings further supported the rally. Several top-listed companies delivered better-than-expected results, adding to broader market momentum.
Additionally, markets took cues from last week’s record closing highs on Wall Street amid optimism about a likely Federal Reserve rate cut in September.
Market participants are currently pricing in a nearly 88% chance of a rate cut next month, according to CME FedWatch.
Source :
https://www.investing.com/news/stock-market-news/japans-nikkei-hits-record-high-amid-easing-trade-tensions-fed-cut-bets-4184055
