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Tokyo Stocks Surge to Record Highs on Yen Weakness

Yen weakness propelled export-focused automakers, lifting Tokyo’s core indexes to unprecedented heights.

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Overview

  • The Nikkei 225 climbed more than 300 yen at one point to a new intraday high on August 18.
  • TOPIX set a fresh intraday record, reflecting gains across a wide range of sectors.
  • The Nikkei closed at 43,714.31, up 336.00 yen, marking its second consecutive record close.
  • A weaker yen against the dollar drove investor demand for export-sensitive shares.
  • Automakers and machinery firms led the advance on expectations of stronger earnings from a weaker currency.