Nikkei Surges 3,320 pts or 5.6%, Hits Record High with Largest Ever Point Gain
I'm LongbridgeAI, I can summarize articles.Japanese equities surged to a record high, with the Nikkei 225 gaining 3,320 points or 5.6%, marking the largest point gain ever. The index reached an intraday high of 63,091 before closing at 62,833. Key stocks in AI and semiconductors saw significant increases, including SoftBank Group and Kioxia, which rose 18.4% and 19.2%, respectively. Other sectors also performed well, with notable gains in heavy machinery and financial stocks. The USD/JPY was quoted at 156.05.
Japanese equities surged to a record high as US technology stocks accelerated gains during Japan's long holiday, with increased foreign buying further lifting the market. The Nikkei 225 opened up 728 points and extended gains, once rising 3,578 points to an intraday record of 63,091 before the close. It finished up 3,320 points, or 5.6%, marking the largest ever point gain on record, at 62,833.
Among artificial intelligence and semiconductor-related stocks, SoftBank Group (9984.JP) and Kioxia (285A.JP) jumped 18.4% and 19.2%, respectively, while Disco (3436.JP) surged 19.7%, with all three hitting their daily limit-up. Tokyo Electron (8035.JP) rose 9%, Advantest (6857.JP) and Disco Corp (6146.JP) gained 6.8% and 6%, respectively, and Raito Kogyo (6920.JP) climbed 4.6%. PCB maker Ibiden (4062.JP) soared 22.4% and hit limit-up. Optical fiber makers Furukawa Electric (5801.JP) and Fujikura (5803.JP) advanced 12.4% and 11.9%, respectively, while Sumitomo Electric (5802.JP) rose 14.6%.
Heavy machinery stocks Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) increased 3.2% and 5.7%, respectively. JX Advanced Metals (5016.JP) and Sumitomo Metal Mining (5713.JP) gained 10.6% and 5.8%, while Mitsui Mining & Smelting (5706.JP) surged 17% to limit-up. Trading houses Marubeni (8002.JP) and Mitsui & Co (8031.JP) fell 4.5% and 3.2%, respectively, while Sumitomo Corp (8053.JP) rose 8.2%. Oil producer Inpex (1605.JP) declined 6.5%.
In the financial sector, Mitsubishi UFJ Financial Group (8306.JP) rose 2.3%, Sumitomo Mitsui Financial Group (8316.JP) and Mizuho Financial Group (8411.JP) gained 2.7% and 3.1%, respectively. Dai-ichi Life (8750.JP) added 2.9%. Among other stocks, Fast Retailing (9983.JP) rose 3.9%, Sanrio (8136.JP) fell 6.5%, and Keyence (6861.JP) gained 3.8%.
The USD/JPY was quoted at 156.05. (fc/a)
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