On May 3rd, the Tokyo stock market saw widespread buying, particularly in semiconductor-related stocks. The Nikkei Average surged over 2,000 yen intraday and closed above 68,000 yen for the first time, setting a new record high. The TOPIX also rose.
The Nikkei 225 in Tokyo surged over 1500 yen this morning, breaking through 68,000 and setting a new intraday record high. The rally follows a record-setting day for the Dow Jones Industrial Average in the US, driving strong buying interest.
The Nikkei Average fell 200.09 yen to end at 66,734.24 on May 2nd, its first decline in three trading days. Reports of stalled talks between the US and Iran prompted investors to adopt a risk-averse stance, with the index briefly dropping over 1300 yen.
The Nikkei Average briefly surpassed 65,000 yen for the first time during trading hours on May 25th, a surge of over 2,000 yen. This milestone, achieved just a month after breaking 60,000 yen, occurs amidst ongoing Middle East tensions. Expectations for an end to US-Iran conflict and stabilizing oil prices are cited as key drivers.
The Nikkei average fell sharply on the Tokyo stock market on the morning of the 20th, dropping over 1200 yen to the 59,200 yen range. This is the first time it has fallen below 60,000 yen during trading hours in about three weeks. The decline followed a drop in major U.S. stock indices the previous day, with profit-taking selling spreading among some high-priced tech-related stocks.
