URGENT: Tokyo's Topix stock index surpasses 1989 levels to hit record high

Tokyo's Topix stock index logged an all-time high in early trading Thursday, boosted by technology shares that tracked advances by their U.S. counterparts overnight after recent economic data reaffirmed hopes the U.S. Federal Reserve will cut interest rates soon.

In the first 15 minutes of trading, the Topix index was up 16.34 points, or 0.57 percent, from Wednesday at 2,888.52, surpassing the previous high set on Dec. 18, 1989.

© Kyodo News