(Update) Nikkei Hits Record Intraday High above 42,800

   Tokyo, Aug. 12 (Jiji Press)--Japan's benchmark Nikkei 225 stock average surged over 1,000 points to hit a record intraday high above 42,800 Tuesday morning.
   The index of 225 selected issues listed on the Tokyo Stock Exchange's Prime section finished the morning session at 42,849.67, up 1,029.19 points, or 2.46 pct, from Friday. The Tokyo market was closed Monday for a national holiday.
   The key index rose to as high as 42,867.69 with a gain of 1,047.21 points at 10:37 a.m., topping the previous intraday high of 42,426.77, marked on July 11, 2024.
   The Nikkei headed north thanks to the strength of U.S. stocks late last week reflecting hopes for an interest rate cut by the U.S. Federal Reserve.
   "A sense of relief spread amid strong U.S. corporate earnings as well as decreasing risks of further downward revisions to earnings estimates at Japanese firms thanks to reduced concerns" over the tariff policy of U.S. President Donald Trump, an official at a Japanese securities firm said.

(2025/08/12-12:20)

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