Nikkei Stock Average Hits Record High

Yomiuri Shimbun file photo
Tokyo Stock Exchange

Tokyo (Jiji Press)—Japanese stocks rose in Tokyo trading Thursday morning following advances in U.S. shares overnight, sending the benchmark Nikkei 225 average to a new all-time high.

Sharp rises in semiconductor-related issues led the Nikkei index higher. Shares of automobiles and other exporters also gained ground amid a weak yen.

The Nikkei index was up at 519.31 points at 40,522.91 at 9:34 a.m. It briefly rose by more than 600 points.