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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Japan’s benchmark Nikkei 225 stock average closed at an all-time high for the third consecutive day on September 12.
The Nikkei finished the session at 44,768, up 0.89% from the previous close, setting a new record closing high. During intraday trading, the index climbed as high as 44,888, also marking a new intraday record.
Analysts attributed the rally in part to momentum from Wall Street, where all three major U.S. indexes closed at record highs on September 11 (local time). Expectations that the U.S. Federal Reserve will decide to cut interest rates next week also bolstered investor sentiment in Tokyo, with hopes that such a move would positively impact Japan’s economy.
In addition, anticipation that the incoming Japanese government, following Prime Minister Shigeru Ishiba’s cabinet, may pursue fiscal expansion further fueled optimism among investors.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
