Venezuela clears way for Russian extradition of Ukraine supporter held in Caracas
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The Nikkei stock index closed above the 43,000 mark for a second consecutive day on August 13, setting a fresh all-time high amid optimism over the United States economy and expectations of an earlier-than-anticipated interest rate cut by the Federal Reserve, Kyodo News reports.
The benchmark Nikkei 225 rose 556.50 points, or 1.30%, from a day earlier to finish at 43,274.67. The broader Topix index gained 25.54 points, or 0.83%, to end at 3,091.91, also a record high.
On the Tokyo Stock Exchange’s Prime Market, air transportation, non-ferrous metals and service sector shares were among the strongest performers.
The US dollar briefly strengthened to the lower JPY148 range in Tokyo, with the yen sold as investor appetite for risk increased alongside rising equities.
Gains were supported by a fifth consecutive day of advances, underpinned by overnight rises on Wall Street after US consumer price index data for July came in below expectations, reinforcing hopes for a September rate cut.
The Nikkei at one stage climbed by more than 700 points, before easing as investors moved to secure profits following a surge of over 2,400 points in the past five sessions.
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