Nikkei 225 Surpasses 62000 as Tech and Peace Hopes Rise
Japan's Nikkei 225 rose 4.19% to a record 62,009.59 on Thursday. Tech shares led the market amid strong earnings and optimism over Middle East peace prospects.
The Nikkei 225 Index surged 4.19% to a record 62,009.59 on May 7 as Japan markets reopened after a three-day holiday. The rally followed strong semiconductor earnings in the United States and easing geopolitical tensions in the Middle East. This milestone marks the first time the benchmark has crossed the 62,000 level.
### Chip Sector Propels Record Gains Technology suppliers led the market advance after ADVANCED MICRO DEVICES issued a strong forecast that fueled optimism across the artificial intelligence sector. IBIDEN CO LTD shares jumped 15.9%, while MITSUI KINZOKU CO LTD rose 15.3% and RENESAS ELECTRONICS CORP gained 12.8%.
