KEY POINTS
  • The Nikkei 225 jumped 2% to hit 39,029, surpassing the previous record high of 38,915.87 reached in 1989.
  • Nikkei and Topix have been standout outperformers in Asia Pacific, up more than 10% in 2024 after surging more than 25% in 2023 — their respective best annual gain in at least a decade.
Pedestrians walking across with crowded traffic at Shibuya crossing square.

Japan's Nikkei 225 hit a record high Thursday, powered by banking, electronics and consumer stocks as robust earnings and investor-friendly measures fuel a blistering rally in Japanese equities this year.

The Nikkei 225 jumped nearly 2% to hit 39,029, surpassing the previous record high of 38,915.87 reached in 1989.