The number of stocks that set new all-time highs this week reached 64, while the Nikkei 225 rose from the previous weekend. Notable gainers included TechMatrix, Nissan Chemical, IDEC, Advantest and Tamron.
The Nikkei 225 rose to ¥69,030 in the first half of this week as AI- and semiconductor-related stocks advanced, up ¥721 from the previous weekend. The number of stocks that set new all-time highs reached 64.
Among the main stocks that set new all-time highs was TechMatrix, which provides AI chatbot solutions. Nissan Chemical also set a new high against the backdrop of Tokai Tokyo Intelligence Lab raising its target price.
IDEC revised up its earnings forecast for the fiscal year ending March, while Advantest attracted risk-on buying following Nvidia's new high. Information that Effissimo had increased its holding in Tamron was viewed as a positive catalyst.
The group also included many stocks that had set new all-time highs the previous week, including Nisshinbo Holdings and Sumitomo Bakelite.