Japan's Nikkei share gauge hits new record high
Nikkei share gauge
climbed to a
record high
on Tuesday, following similar feats this year by other global markets.
The Nikkei 225 rose as much as 2.1% to 42,689.74 in early trade, exceeding the previous high of 42,426.77 set on July 11, 2024. In a roller-coaster ride in 2024, the Nikkei had exceeded a record that had stood since 1989 during Japan's
bubble economy
.
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Japan's broader Topix has been setting successive record highs since July 24 and also scored a new all-time high on Tuesday.
The U.S. Standard & Poor's 500 and MSCI's broadest gauge of
global equities
have been charting new peaks since June.
Global equities tumbled after U.S. President Donald Trump's April 2 "Liberation Day" announcement of sweeping tariffs on imports from dozens of countries into the U.S.
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Shares have since more than recouped those losses as trade concerns abated and enthusiasm over artificial intelligence companies soared.
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