Nikkei hits record high as chip-related shares jump
Japan's Nikkei index rose 1.25% to a record 65,811.78 on Wednesday as heavyweights Tokyo Electron and Advantest surged. The gains mirrored a technology-led rally on Wall Street while domestic bank and real estate shares struggled.
The Nikkei 225 index in Japan rose 1.25% to a record 65,811.78 as of late morning on May 27, as semiconductor stocks tracked overnight gains in the United States. The benchmark hit an intraday peak of 66,428.81, rising as much as 2.2% during the morning session. Investors are prioritizing high-growth technology assets over traditional value sectors to capture returns from the global artificial intelligence expansion.
### Chip Stocks Drive Nikkei to Historic Highs Heavyweight semiconductor equities led the market advance, mirroring a strong performance by U.S. peers. The S&P 500 and Nasdaq reached record closing highs on May 26, fueled by AI optimism that outweighed geopolitical tension following U.S. strikes on Iran.
