Japan’s Nikkei Crosses Key 60,000 Level for First Time on Tech Rally
Japan's Nikkei share average crossed 60,000 for the first time, driven by technology stocks after US President Donald Trump extended the ceasefire with Iran. The index later shed gains and was little changed, with investors seeking more positive cues to sustain the rally.
Japan's Nikkei share average reached a record high of 60,013.98, driven by technology stocks. The gain was fueled by US President Donald Trump's decision to extend the ceasefire with Iran. The Nikkei has recouped losses since the US-Iran war started in late February, with artificial intelligence-related stocks leading the rally. Chip-related shares, including Advantest and Tokyo Electron, rose on the day. SoftBank Group jumped 6.4%, while Uniqlo-brand owner Fast Retailing fell 1.8%, weighing on the Nikkei. The broader Topix index was flat at 3,744.93.
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