The Nikkei 225 extended its gains, recovering the ¥66,000 level for the first time in two weeks. The index rose as high as ¥66,249.
The Nikkei 225 rose approximately ¥1,230 from the previous day to ¥66,249, recovering the psychological milestone for the first time in two weeks.
Gains in AI and semiconductor stocks in overseas markets during Japan's holiday period provided a boost, accelerating gains in related stocks. SoftBank Group, Advantest and Ibiden, 3 constituents, are driving the Nikkei 225 higher.
As US long-term yields remain on an upward trend, domestic long-term yields also rose, briefly reaching 3.055% and marking their highest level in 30 years, since August 1996. Higher interest rates are viewed as a headwind for sectors outside AI-related industries. Banking and other financial stocks were lower.
Among the 33 sectors on the Tokyo Stock Exchange, 17 sectors rose, including nonferrous metals, electric appliances and metal products, while 16 sectors fell, including services, electric power and gas, and insurance.