Japanese Shares Hit Record Highs on Ishiba’s Resignation
2025-09-09 00:50
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index climbed 0.9% to surpass 44,000 while the broader Topix Index advanced 0.4% to 3,150 on Tuesday, with both gauges reaching fresh record highs after Prime Minister Shigeru Ishiba announced his resignation.
Ishiba said Sunday he would step down following mounting divisions within the ruling party and weeks of pressure after his national election defeat late last year.
The resignation also came as Japan struggled to secure trade concessions from the US.
The two nations finalized a deal last week that lowered US auto tariffs on Japanese vehicles from 27.5% to 15%, while US-made cars will enter Japan without additional testing, alongside other measures.
Gains were driven by technology stocks such as Advantest (+6.6%), Disco (+1.9%), and Tokyo Electron (+3.5%), while heavyweight industrial, financial, and consumer names also added support.