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Tokyo Stock Exchange Growth 250 index surges to new highs as capital flows into small- and mid-cap stocks amid catch-up rally

Fri May 8, 2026 1:02 pm JST Market

In the Tokyo stock market, leading Prime Market AI and semiconductor-related shares faced profit-taking, pushing the Nikkei share average down 659 yen at the mid-day close. Meanwhile, funds rotated into small- and mid-cap stocks within the same sectors, driving the Tokyo Stock Exchange Growth Market 250 index sharply higher for a second consecutive session. The Growth 250 rose as high as 826.29, surpassing the year-to-date high of 805.60 set on April 21 to enter new high territory. The Nikkei share average surged 3,320 yen the previous day on a closing basis, marking its largest single-day gain on record and accelerating a risk-on mood, though caution lingered over the rapid near-term pace. "While this does not represent a fund shift by institutional investors, short-term capital from retail investors seeking catch-up returns has flowed into the relatively lagging Growth Market," said a strategist at a mid-sized brokerage.

Source: MINKABU PRESS

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

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