Japan's TOPIX Index Rises Above Its Record Closing High

Driven by gains in U.S. stocks, Japan's Topix index rose as much as 0.4% to 4,201.34 points, surpassing the record closing high of 4,197.20 points set on August 14. The Nikkei 225 index was roughly flat. Overnight, the S&P 500 closed at a record high, supported by resilient corporate earnings and a favorable outlook for AI-related spending.