Tokyo, February 12 (QNA) - Japan's Nikkei index exceeded the 58,000-point level for the first time on Thursday, buoyed by a wave of gains in government bonds and the yen, as markets absorb the implications of Japanese Prime Minister Sanae Takaichi's historic election win.
With trading resuming after a holiday in Japan, the benchmark Nikkei 225 hit a record intraday high of 58,015.08 points, before giving back some of its gains to close at 57,639.84 points.
The Nikkei has climbed about 15 percent so far this year, and the broader Topix index rose 0.7 percent to 3,882.16 points.
Japan, the world's fourth-largest economy, is currently in earnings season, and Japanese stock markets have risen.
The 14-day relative strength index reached 72 today, remaining above 70, a level that typically indicates overbought conditions.
A total of 142 stocks on the Nikkei advanced, while 82 declined.
Among the biggest losers was Honda Motor's stock, which fell 3.5 percent. (QNA)