Nikkei index nears 50,000 in morning as Takaichi set to be new Japan PM

The Nikkei stock index advanced to an intraday record high close to 50,000 on Tuesday morning on optimism over the economic agenda of ruling Liberal Democratic Party head Sanae Takaichi, who is set to become Japan's new prime minister.The 225-issue Nikkei Stock Average rose 744.31 points, or 1.51 percent, from Monday to 49,929.81. The broader Topix index was up 25.10 points, or 0.77 percent, at 3,273.55, after also hitting an all-time intraday high.The U.S. dollar climbed above the 151 yen line in Tokyo as traders sold the yen, perceived as a safe asset, on the gains in the Nikkei index, de…READ FULL ARTICLE