Tokyo stocks close 3,320 yen higher on heavy volume, briefly hitting record 63,000 level for first time

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Thu May 7, 2026 4:21 pm JST Market

Tokyo stocks skyrocketed on May 7, with the Nikkei Stock Average briefly breaching the 63,000 level for the first time in history. The closing gain marked the largest on record, renewing the all-time high for the first time in four trading sessions.

The Nikkei Stock Average closed at 62,833.84, up 3,320.72 yen from the previous trading day, extending its sharp gains. Trading volume on the Prime Market totaled approximately 3.35 billion shares, with a turnover of approximately 10.84 trillion yen. The number of advancing stocks stood at 1,190, while declining stocks totaled 349, with 35 stocks unchanged.

Tokyo markets were heavily buy-dominated today. While Japan was on holiday, overseas markets saw strong performance in technology stocks, particularly those with positive earnings catalysts, and crude oil prices declined on rising expectations for an end to U.S.-Iran hostilities. Additionally, the foreign exchange market saw a pause in excessive yen depreciation amid caution over potential government and Bank of Japan intervention. Following the holiday, investment funds flowed into major stocks in the Tokyo market, led by the AI and semiconductor sectors. The overall index maintained its strong trajectory into the afternoon session, softening slightly toward the close but maintaining a risk-on mood throughout. Asian stock markets were also generally firm, including South Korea, which is home to semiconductor memory giant Samsung Electronics, known for its favorable earnings. Prime Market turnover reached over 10 trillion yen on heavy volume. Advancing stocks accounted for approximately 76% of the total.

Individually, SoftBank Group Corp. <9984>, Kioxia Holdings <285A>, IBIDEN CO.,LTD. <4062>, and SUMCO CORPORATION <3436> hit their daily upward limits. ADVANTEST CORPORATION <6857>, Tokyo Electron Limited <8035>, Lasertec corporation <6920>, as well as Fujikura Ltd. <5803>, Furukawa Electric Co., Ltd. <5801>, and JX Advanced Metals Corporation <5016> climbed. Hitachi, Ltd. <6501>, Mitsubishi UFJ Financial Group, Inc. <8306>, and FAST RETAILING CO., LTD. <9983> were firm. SUMITOMO CORPORATION <8053> and Murata Manufacturing Co.,Ltd. <6981> jumped.

On the other hand, INPEX CORPORATION <1605> and Japan Petroleum Exploration Co., Ltd. <1662> tumbled. Sanrio Company, Ltd. <8136> and Nintendo Co., Ltd. <7974> retreated. Marubeni Corporation <8002> and MITSUI & CO., LTD. <8031>, as well as Mitsubishi Heavy Industries,Ltd. <7011> and HOYA CORPORATION <7741>, were weak. TOYOTA MOTOR CORPORATION <7203> and NTT, Inc. <9432> edged lower.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.