Japan’s Nikkei achieved a record high this week, closing with a 0.46% gain on Friday, fueled by a weaker yen and surprisingly resilient economic data showing 1% growth in the April-June quarter. Financial shares surged following rising U.S. Treasury yields and comments suggesting potential interest rate hikes by the Bank of Japan, with banks leading the gains.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets