'Stable' Japanese stocks lure foreign money amid China, U.S. uncertainties

Nikkei Stock Average hits all-time high, tops 42,000

20240711 nikkei average

Japanese shares have been on a roll in recent months, firing up interest from overseas investors. (Photo by Jo Miyaguchi)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Foreign investors are eyeing Japanese stocks as a potentially stable destination for their money amid growing uncertainty over the Chinese economy and the upcoming U.S. presidential election.

The interest also comes as Japanese shares have been on a roll in recent weeks, with the benchmark Nikkei Stock Average marking another all-time intraday high on Thursday -- climbing 594.78 points, or 1.4%, from the previous day's close to 42,426.77. The average closed at 42,224.02, also an all-time closing high. In February, it first beat a record level that had stood since 1989.  

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