Market Commentary - Foreign Markets
Japanese Markets Hit Record High As on : 04-Jul-24  16:36

Japanese markets hit a new record high as a weaker yen boosted automakers and other export-related stocks. Asian stocks ended mixed. The US dollar was on the back foot ahead of elections in the U.K. and France, and before the release of key U.S. nonfarm payrolls report, due Friday.

The Nikkei average jumped 0.82 percent to 40,913.65 while the broader Topix index settled 0.92 percent higher at 2,898.47. Automakers Honda Motor, Toyota and Nissan surged 2-4 percent. In the tech space, Advantest added 2.1 percent, Screen Holdings rose 1.3 percent and heavyweight SoftBank soared 4.5 percent.

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