Japan's Nikkei closes at 32-year high as US default fears ease

Japanese stocks reached a three-decade high, with the Nikkei index up 1.21% to close at 31,384.93 points, and the Topix rising 1.55% to 2,182.70 points. The rise comes after the US government lifted its debt ceiling, avoiding a default, and due to the Bank of Japan being in no rush to tighten monetary policy. SoftBank Group rose 4.3% amidst booming AI investment, and T&D Holdings leapt 4.28%.

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