Market Updates

Japan's 3-Day Rally Extended Advances as Semiconductor Equipment Makers Led Gainers

Akira Ito
01 Jul, 2026
Tokyo

    Japan's benchmark indexes extended their gains for the third consecutive session, and investors shrugged off AI valuation worries. 

    The Nikkei 225 Stock Average edged up 0.8%, the broader TOPIX inched higher 0.5%, and the yen held near 161.67 against the U.S. dollar. 

    AI- and semiconductor-linked stocks powered the broader market rally, reflecting technology-led rally on Wall Street overnight.  

    The S&P 500 index jumped 0.8%, and the tech-heavy Nasdaq Composite advanced 1.5% in New York, as the AI-linked stocks rebounded. 

    The Nikkei 225 jumped 37% in the second quarter, the best quarterly return dating back to 1965, and gained 40% at the end of the first half. 

    The sharp rally in Japanese stocks was supported by a surge in semiconductor equipment makers and electronic component makers, driven by a global demand for AI-powered data centers. 

    Market sentiment remained buoyant despite Iran war-driven energy and supply chain shocks and uncertainties related to the U.S. tariffs. 

     

    Japan Indexes and Stocks 

    The Nikkei 225 Stock Average increased 0.8% to 70,642.93, and the broader TOPIX advanced 0.5% to 4,014.79. 

    Tokyo Electron gained 2.4% to ¥79,130.0, extending this year's rise to over 110%, Advantest Corp. inched up 0.5% to ¥32,390.0, and Taiyo Yuden jumped 15% to ¥23,110.0. 

    In the first half, SoftBank Group soared 30%, Kioxia Holdings jumped 689%, and Furukawa Electric surged 313%.

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