Overview

• The Nikkei 225 rose to a fresh intraday record, at one point surpassing the previous close by more than 300 yen.
• The TOPIX index likewise reached a new intraday peak in early trading.
• Yen depreciation against the dollar spurred broad buying across Tokyo stocks.
• Export-linked automaker and machinery shares saw the strongest gains on expectations of improved earnings from the weaker currency.
• These moves reflect short-term FX-driven demand rather than shifts in corporate fundamentals or central bank policy.