Dow near record high, Nikkei in bull run

Major stock markets have been in rally mode in recent weeks.

The Dow Jones Industrial Average hit a record high of 18,923.06 last Tuesday. Although it pulled back later in the week, it was up 0.1 percent for the week.

Also doing well recently is the Nikkei 225. After declining 18 percent in the first half of the year, the index has risen more than 20 percent from its June low.

Some analysts think that the Nikkei 225's bull run is not over yet.

“A lot of things are lining up for Japanese equities,” said Bryan Goh, chief investment officer of Bordier & Cie. “It looks like the economy is stabilizing and the weak currency is certainly helping. There’s some momentum behind this bull run.”

Naoki Murakami, a market strategist at AllianceBernstein, said that Donald Trump's victory in the US election “is a very big regime change in U.S. economic policy that could be a game-changer for the yen and the Japanese stock market”.