(Bloomberg) -- Japan’s Nikkei 225 Stock Average briefly rose 3%, its biggest advance since November 2022, as tech shares led gains after Tokyo Electron Ltd. boosted its full-year revenue and profit guidance. 

The Nikkei 225 climbed 2.9% to 37,963.97 at the 3 p.m. close in Tokyo, putting it about 2.5% away from a record. The Topix rose 2.1% to 2,612.03. Out of 2,152 stocks in the Topix, 1,596 rose and 492 fell, while 64 were unchanged.

Tokyo Electron contributed the most to the Topix’s gain, increasing 13% to reach a record high after the chipmaking equipment manufacturer projected that operating income for the fiscal year to March will now be ¥445 billion. SoftBank Group Corp. extended gains on an explosive rally of its Arm Holdings Plc.

“If the Nikkei reaches an all-time high in the near term, that would be earlier than I thought,” said Masahiro Yamaguchi, a senior market analyst at SMBC Trust Bank Ltd. “While there’s a sense of caution over current levels, the rally in semiconductor-related stocks on the back of improved earnings and the AI narrative doesn’t feel out of place.”

Exporters were supported after the yen weakened 0.1% to 149.50 to the dollar after touching the lowest since late November.  

Sector-wise, insurers such as MS&AD Insurance Group Holdings Inc. helped lift the Nikkei 225 after a report said the Financial Services Agency asked property-and-casualty insurers to accelerate their disposal of cross-shareholdings.


  • Raiznext Corp (6379) +25%
  • Tokyo Keiki (7721) +21%


  • Poplar (7601) -20%
  • World Holdings (2429) -19%; World Holdings Drops Most in 13 Years; Trading Volume Surges
  • DmMix (7354) -18%


  • 31 of the 33 sector indexes on the Tokyo Stock Exchange advanced; Tokyo Stock Exchange TOPIX Insurance Index was the best performer, while Tokyo Stock Exchange TOPIX Pulp And Paper Index fell the most
  • The MSCI AC Asia Pacific Index was up 0.9%
  • Topix Index is up 10% year-to-date, vs. MSCI AC Asia Pacific Index down 0.4%
  • Topix Index members are trading at 15.3 times their estimated earnings for the next 12 months


  • Asia Shares Climb on Japan, Korea; US CPI in Focus: Markets Wrap
  • Nikkei 225 Gains as Much as 3% on Strong Tech Earnings, Weak Yen
  • Japan Equities Gain as Asia Enters Year of Dragon: Markets Live
  • Tokyo Electron Hits New High After China Demand Boosts Outlook
  • SoftBank Shares Climb Again With Arm’s Explosive AI Rally

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This story was produced with the assistance of Bloomberg Automation.



--With assistance from Yasutaka Tamura.

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