HomeNewsBusinessMarketsTokyo's Nikkei index closes at fresh all-time record

Tokyo's Nikkei index closes at fresh all-time record

The benchmark Nikkei 225 index jumped 2.03 percent, or 812.06 points, to end at 40,815.66, while the broader Topix index climbed 1.64 percent, or 45.24 points, to 2,796.21.

March 21, 2024 / 12:44 IST
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Tokyo's Nikkei index closes at fresh all-time record
Tokyo's Nikkei index closes at fresh all-time record

Tokyo's key stock index closed at an all-time high on Thursday, helped by a cheap yen and tracking a record on Wall Street after the Federal Reserve indicated interest rates would be cut three times this year.

The benchmark Nikkei 225 index jumped 2.03 percent, or 812.06 points, to end at 40,815.66, while the broader Topix index climbed 1.64 percent, or 45.24 points, to 2,796.21.

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The dollar fetched 150.96 yen, against 151.36 yen in New York late Wednesday.

The Tokyo market started "trading sharply higher after central banks in Japan and the United States ended their policy meetings without causing turmoil", IwaiCosmo Securities said.