Japan’s Nikkei 225 vaulted past 62,000 for the first time on Thursday. The index climbed 5% in a broad rally that pushed major tech, materials, and electronics names to double-digit single-day gains.
Electronics maker Ibiden led the board with a 22.43% surge. SoftBank Group jumped 16.45%, and Mitsui Kinzoku gained 17.05%.
Renesas Electronics rose 13.42%, and chemical firm Tosoh Corporation added 11.03%.
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Other Asian markets rose modestly. Hong Kong’s Hang Seng added 1.48%. China’s CSI 300 edged up 0.13%, and Australia’s S&P/ASX 200 advanced 0.83%. South Korea’s Kospi reversed gains to slip 0.17% after hitting an all-time high on Wednesday.
The advance came as Wall Street’s tech-heavy Nasdaq hit another record. The S&P 500 also closed at an all-time high of 7,365. The index has gained more than 16% since its March 30 low.
Today’s surge came after Tokyo Golden Week holidays. The reopen allowed investors to absorb a week of US tech sector strength at once, amplifying the upside at the open. Wall Street tech earnings have also set a strong backdrop.
Markets are also weighing developments in US-Iran negotiations. President Donald Trump told PBS that an agreement could land before his upcoming visit to China.
However, Trump also warned on Wednesday that Iran would face military action if it rejects the proposed peace deal. The dual messaging has kept oil and global risk markets sensitive to headline flow, with implications for oil prices and broader sentiment.
Whether Japan’s rally extends will depend on continued AI momentum and the trajectory of Iran negotiations.
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The post Nikkei 225 Tops 62,000 as Major Japanese Stocks Post Double-Digit Gains appeared first on BeInCrypto.
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