Japan and Taiwan markets hit all-time highs as Asia-Pacific markets rise

The Taiwan Weighted Index also reached a fresh high, surpassing its previous record of 23,406.1 set on June 20.

Asia-Pacific markets were mostly up Thursday as Japan's Topix crossed its all-time high of 2,886.50, previously set in December 1989.Sign up for NBC Philadelphia newsletters. Big firms with 300 or more union-backed employees raised wages by 5.19%, while smaller firms increased pay by 4.45%. The onshore Chinese yuan weakened to its lowest level against the U.S. dollar in about nine months, dropping to 7.2735 against the greenback.narrowed to 5.77 billion Australian dollars in May from AU$6.03 billion the month prior, narrowing more sharply than expected by economists polled by Reuters.

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