Tokyo | Japan’s sharemarket has climbed past its all-time closing high, exceeding the record level struck during the country’s late-1980s asset bubble after a 34-year wait.

The Nikkei 225 index of the biggest Japanese companies set an all-time intraday high of 39,029 on Thursday and looked likely to pass the closing record set in 1989, capping a powerful rally during 2024, driven by rises in chip-related stocks such as Screen, Tokyo Electron and Advantest.

Financial Times