Japan's Nikkei Closes at Record High, Led by Financial Stocks

Japan's Nikkei Stock Average closed 1.3% higher astatine a grounds 52518.08.

Bank and brokerage shares led gains amid continued hopes for gradual complaint increases from the Bank of Japan. Stock gains that centered astir semiconductor shares past twelvemonth are besides broadening to metals and machinery producers.

Mizuho Financial Group gained 5.1% and Daiwa Securities Group roseate 5.9% portion Sumitomo Metal Mining climbed 6.3% and Hitachi Ltd. added 7.4%. The 10-year Japanese authorities enslaved output roseate 1.5 ground points to 2.130%, its highest level since February 1999.