Japan’s Nikkei 225 stock index reached an all-time high again on Thursday morning, tracking a Dow Jones Industrial Average rally overnight after the U.S. Federal Reserve cut rates by a quarter point.

The benchmark closed up 1.15% at ¥45,303.43. It rose as high as ¥45,508.67, breaking the last record of ¥45,055.38, reached only two days earlier.

Trading was choppy and tentative at first on Thursday, then the index moved decisively upward later in the morning, reaching the high for the day at around 2 p.m.