The Nikkei Average rose sharply this week on buying in AI- and semiconductor-related stocks, reaching ¥68,713, up approximately ¥3,100 from the previous weekend. A total of 101 companies set new all-time highs since listing.
The Nikkei Average rose sharply this week as buying dominated, buoyed by gains in U.S. technology stocks. It rose ¥3,107 from the previous weekend to ¥68,713. Many stocks hit new highs, with the number of stocks setting new all-time highs since listing reaching 101.
Major stocks setting new all-time highs included Yamami, Soliton Systems, Monogatari Corporation, Restar, Recruit Holdings, Shibuya Corporation, Advantest and Asics. Seiko Epson and Yamaha Motor also set new highs for a second consecutive week.
By industry, new highs were seen across a broad range of sectors, including machinery, electrical equipment, information, wholesale and retail. A return of funds to AI- and semiconductor-related stocks was cited as a contributing factor. Kabutan News reported earnings revisions and upward revisions to dividend forecasts for individual stocks.