Japan's Nikkei 225 stock index logs another record high close as world markets rally
Business
Japan’s Nikkei 225 stock index logs another record high close as world markets rally
TOKYO (AP) — Japan’s Nikkei 225 stock index logged a record high close on Tuesday, gaining 2% to 41,580.17.
The Nikkei 225 index also hit a record high last week, propelled skyward by strong buying enthusiasm and gains on Wall Street.
Both foreign and domestic investors have piled into the Japanese market in recent months even as the economy has slowed. Part of the attraction is the weakness of the Japanese yen, which is trading at 34-year lows against the dollar.
