Tokyo stocks hit record highs as Takaichi set to become new Japan PM

Tokyo stocks hit all-time intraday highs early Tuesday on optimism over the economic agenda of ruling Liberal Democratic Party head Sanae Takaichi, who is set to become Japan's new prime minister.In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 405.55 points, or 0.82 percent, from Monday to 49,591.05. The broader Topix index was up 11.64 points, or 0.36 percent, at 3,260.09.On the top-tier Prime Market, gainers were led by bank, information and communication, and electric appliance issues.At 9 a.m., the U.S. dollar fetched 150.82-83 yen compared with 150.71-81 yen…READ FULL ARTICLE