• Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets.
  • The Nikkei share average (.N225), opens new tab rose as high as 39,156.97 points, above the previous intraday all-time peak of 38,957.44 points touched on the final trading day of 1989. On that day, the benchmark index closed at 38,915.87 while on Thursday the Nikkei finished 2.19% higher at 39,098.68.