Nikkei 225 Index Soars to Record High as Yen Weakness Fuels Market Rally

Japan’s stock market surged this week, driven by a weakening yen and easing concerns about U.S. tariffs on earnings. The Nikkei 225 Index broke new ground, reaching its highest point ever and becoming another global record-breaking benchmark for stock markets in 2024. The index hit a peak of 42,613.63 points, surpassing the previous high of 42,426.77 set on July 11, 2024, marking a further leap from the historic record achieved during Japan’s economic bubble in 1989. Technology and banking sectors fueled this rally with SoftBank Group surging by 5.0%, and Mizuho Financial Group increasing by 2.2%. The broader Topix Index has also seen new highs since July 24.