Nikkei rises more than 2,000 points intraday to reach 65,000s
The Nikkei average extended its sharp gains in Tokyo trading, rising more than 2,000 points at one stage from the previous business day and topping 65,000 for the first time during trading. It carried forward the buying seen in semiconductor-related stocks in the US market late last week.
Chip stocks attract buying
In the US stock market on the 22nd, buying spread on views that talks between the US and Iran were making progress, and the Dow Jones Industrial Average hit a record high for the second straight day. The Philadelphia Semiconductor Index, or SOX, made up of major semiconductor-related stocks, rose sharply, gaining 2%.
Advantest and others rise
In Tokyo trading on the 25th, buying concentrated in related shares, with Advantest, Tokyo Electron and Kioxia Holdings among the stocks leading the market higher. Buying was also strong in SoftBank Group, which reached an all-time high. Its market capitalization topped 40 trillion yen. Major cable makers Fujikura and Sumitomo Electric Industries also rose.
TOPIX also near record highs
The Tokyo Stock Price Index, or TOPIX, also extended gains and at one point exceeded its Feb. 27 record high.
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