Japan’s Nikkei 225 stock index hit an all-time high again on Thursday morning, breaking the 44,000 threshold for the second time in history and setting a new record.
It passed the last record of 44,185.73 reached just two days ago, in the first hour of trading. At 10:05 a.m., the benchmark index was trading at 44,251.65.
Tokyo stocks have been rallying this week, after Prime Minister Shigeru Ishiba announced his intention to resign on Sunday. The benchmark hit a closing record on Wednesday.
The yen traded steady at around ¥147.4 to the dollar on Thursday.
Wholesale price data released in the United States overnight showed a surprising decline, which further fueled the confidence of a September rate cut and sent the S&P 500 and Nasdaq composite indexes to fresh records.
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