Overview
- The Nikkei 225 rose about 2% to an intraday 51,249, clearing 51,000 days after first closing above 50,000.
- Advantest jumped more than 20% after hiking its annual profit forecast, while SoftBank and Lasertec were among the biggest index supports.
- Market breadth remained thin as the Topix was little changed and a stronger yen pressured non-tech stocks, with 65 Nikkei advancers against 160 decliners.
- Nidec fell further after a TSE delisting alert and was marked for removal from the Nikkei, following a prior plunge to its daily limit.
- Global cues were supportive with U.S. indexes at records, reduced U.S.-China trade frictions, and near-certain odds of a Fed quarter-point cut, even as the IMF warned about AI exuberance and some investors took profits.