Japan’s Nikkei Hits Record High on Tariff Relief, Tech Rally

The Nikkei 225 Stock Average hit an all-time high on Tuesday as relief over US tariffs continued to fan optimism over the nation’s economic outlook, while tech shares led the rally.

The blue-chip gauge climbed as much as 2.8% before closing 2.2% higher at 42,718.17, joining the Topix in surpassing July 2024 peaks. Chip-related names jumped after Micron Technology Inc. raised its sales outlook, while memory maker Kioxia Holdings Corp. posted strong results.

Japanese equity markets, which resumed trade after Monday’s holiday closing, also gained on speculation the government will expand fiscal stimulus after the ruling party’s poor upper house ...