Market Updates
Japan's Tech-Driven Rally Lifted Indexes to New Highs, Capital Spending Stalled In First Quarter
Akira Ito
01 Jun, 2026
Tokyo
Japan's benchmark indexes advanced on Monday and reached new intraday and closing highs, as technology shares extended amid continued enthusiasm for the AI-driven market rally.
The Nikkei 225 Stock Average advanced 0.7%, the broader TOPIX decreased 0.4%, and the yen hovered at 159.46 against the U.S. dollar.
Japan's semiconductor equipment makers are viewed as one of the key beneficiaries of the worldwide tech surge as hyperscalers ramp up investment in artificial intelligence infrastructure.
Japan's First-Quarter Capital Spending Stalls
Japanese companies spending on plant and equipment was flat from a year ago in the first quarter, according to a monthly update from the finance ministry.
Capital spending reversed from the annual 6.5% rise in the previous quarter and ended the increase of four consecutive quarters. Expenditure in the manufacturing sector declined 0.4% after being flat, and non-manufacturing investment inched up 0.3%.
The mixed performance highlighted the negative impact of energy product shipment disruptions in the Strait of Hormuz and the sustained demand driven by the datacenter buildouts.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.7% to 66,809.80, and the broader TOPIX fell 0.4% to 3,941.72.
In Monday's trading, Tokyo Electron advanced 3%, Furukawa Electric gained 2%, Sumitomo Electric gained 2%, SoftBank Group advanced 5%, and Kioxa Holding soared 8%.
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