Japan's Nikkei Index hits a new record high for the second consecutive day, driven by pharmaceutical sector performance.

Japan's Nikkei Index hits a new record high for the second consecutive day, boosted by strong pharmaceutical sector performance. The index closed at 39,233.71, marking a 0.35% increase but limited by profit-taking activities. Japanese stocks have been on an upward trajectory, driven by attractive valuations and corporate reforms, attracting foreign investment seeking alternatives to the volatile Chinese markets. The Nikkei has surged by 16.8% year-to-date.