Tech Rally Drives Nikkei to Record High
The Nikkei 225 index surged more than 2% on Wednesday and closed above 68,000 for the first time. This close set a new record, driven by a continued rally in technology stocks.
Optimism about business opportunities related to artificial intelligence (AI) was the main driver. Market participants believe Japanese companies play a key role in expanding global AI infrastructure and therefore have the potential to benefit from the sector's growth.
In the technology sector, Tokyo Electron surged 13.4% and Advantest rose 5.1%. Other stocks that strengthened included Kioxia Holdings (+0.7%), Fujikura (+9.3%), and Furukawa Electric (+4.3%).
Despite the dominant AI sentiment, investors are still monitoring developments in the US-Iran peace negotiations. Changing signals from both sides maintain high geopolitical uncertainty. (asd)
Source: Newsmaker.id