Japan's benchmark stock index, the Nikkei 225 average (Nikkei index), on the 16th surpassed the 45,000 level intraday for the first time, setting another all-time high.

On the 9th, citizens pass in front of a Nikkei index electronic board in Tokyo, Japan. /Courtesy of Kyodo=Yonhap

According to the Nihon Keizai Shimbun (Nikkei) and others on the 15th, the Nikkei index opened higher that day and around 9:11 a.m. hit 45,055. The Nikkei said the strength of major indexes at the close of the U.S. stock market influenced the move.

The Nikkei index has been on a tear since last week, repeatedly setting new intraday highs. On a closing basis, the Nikkei ended at 44,768.12 on the 12th, marking a record high for the third straight day.

The Nikkei also analyzed that progress in high-level U.S.-China trade talks and expectations of interest rate cuts by the U.S. Federal Reserve (Fed) acted as positives for the index.

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