Japan’s Nikkei 225 stock index hit an all-time high soon after the market opened Tuesday, rising about 2.41% — more than 1,000 points — by about 10:40 a.m.
The benchmark index broke the previous record of ¥42,426 set in July 2024 and is now up about 18% over the past year.
Stocks rallied after Japan and the United States partially addressed their dispute on how to execute a trade deal reached on July 22, with the U.S. agreeing to revise its executive order so that Japan's “reciprocal” tariff is calculated in a way that results in a lower effective rate.
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