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As on : 03-Jun-2026
Market Commentary - Foreign Markets
03-Jun-2026     16:46

Nikkei surges past 68,000 on tech rally

Japan's Nikkei 225 Index jumped more than 2% on Wednesday, closing above the 68,000 mark for the first time and setting a fresh record high. The rally was powered by strong gains in technology stocks, with optimism around artificial intelligence opportunities outweighing concerns over stalled US'Iran peace talks.

Chipmaking equipment giant Tokyo Electron surged 13.4%, while semiconductor testing equipment maker Advantest rose 5.1%. Other notable performers included Kioxia Holdings (+0.7%), Fujikura (+9.3%), and Furukawa Electric (+4.3%).

Japanese firms are playing a key role in building global AI infrastructure, positioning them to benefit from the sector's rapid expansion. Investor sentiment remained upbeat, focusing on growth prospects in AI-related industries despite ongoing geopolitical uncertainty.

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