Japan's Nikkei 225 stock index closed Thursday at a fresh record high of 40,913.65, pushing past its most recent record close set in March on heavy buying of automaker and technology shares.
A passerby walks past an electronic stock board showing Japan’s Nikkei 225 index, right, at a securities firm Thursday, July 4, 2024 in Tokyo. TOKYO — Japan’s Nikkei 225 stock index closed Thursday at a fresh record high of 40,913.65, pushing past its most recent record close set in March on heavy buying of automaker and technology shares.
The gains tracked an overnight rally on Wall Street, where the S&P 500 and tech-heavy Nasdaq also hit fresh records. But changes to investment regulations have also lured many Japanese investors into the equity market. As of this year, so-called NISA, or Nippon Individual Savings Accounts, became tax-free investment options, with limits raised for how much can be kept in such accounts and for how long.
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