Japan's Nikkei Hits Record High with Monthly Gains Amid Mixed Sector Performance

Japan's Nikkei share average closed at a record high of 58,850.27, gaining 0.16% and marking its strongest monthly rise in four months with a 10.4% increase in February. The broader Topix index also rose 1.5% to 3,938.68. Gains were supported by strong corporate earnings expectations and Prime Minister Sanae Takaichi's election win, while Sony's expanded share buyback boosted the market. However, chip-related stocks declined amid concerns over competition and global semiconductor trends.