Nikkei 225 Tops 62,000 as Tech Stocks Rally

Tokyo — The Nikkei 225 climbed past 62,000 for the first time on Thursday, rising roughly 5% in a broad rally led by technology, materials and electronics stocks.

Electronics maker Ibiden jumped 22.43%, SoftBank Group rose 16.45%, Mitsui Kinzoku added 17.05%, Renesas Electronics gained 13.42% and Tosoh Corporation increased 11.03%.

Trading resumed after Tokyo’s Golden Week holidays, allowing investors to absorb a week of strong results and earnings from U.S. technology companies. Buying accelerated at the Tokyo open, pushing the index higher.

Other Asian markets moved more modestly. Hong Kong’s Hang Seng rose 1.48%, China’s CSI 300 added 0.13% and Australia’s S&P/ASX 200 advanced 0.83%. South Korea’s Kospi reversed earlier gains and finished down 0.17% after reaching an all-time high on Wednesday. In the United States, the Nasdaq hit a record and the S&P 500 closed at 7,365.

Traders noted the largest gains were concentrated in firms exposed to artificial intelligence and semiconductor demand, sectors that have been active this year. Volume and intraday volatility were elevated on the Nikkei, with many stocks recording significant one-day moves.

President Donald Trump indicated an agreement with Iran could arrive before his upcoming trip to China and warned Iran could face military action if it rejects the proposed peace deal. Market participants monitored the negotiations for potential effects on oil prices and risk appetite.

The session followed a string of record closes on Wall Street and a recent run-up in U.S. technology shares. Investors continued to follow corporate earnings, semiconductor cycles and geopolitical developments for market impact.