The Nikkei 225 jumped 2.15% to close at 42,718, while the broader Topix Index rose 1.39% to 3,066 in post-holiday trading on Tuesday (August 12th), with both benchmarks hitting new record highs thanks to strong corporate performance and improving global trade sentiment.
The US-China trade truce was extended for 90 days, easing tensions and giving negotiators more time to finalize a deal. Domestically, investors continued to assess the Bank of Japan's policy outlook, with board members still divided over the timing and pace of future interest rate hikes.
In corporate news, SoftBank Group surged nearly 7% after selecting an investment bank to support the potential US listing of its portfolio company, Japanese payment app operator PayPay. Other leading stocks that rose included Sanrio (+16.1%), Advantest (+6.3%), and Mitsubishi UFJ (+4.4%). (alg)
Source: Trading Economics
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