Tokyo stocks surge for second straight session, Nikkei jumps 1,802 yen on AI and semiconductor buying

The Nikkei Stock Average rallied for a second straight session on June 12, as growing optimism over a U.S.-Iran ceasefire fueled buying in AI and semiconductor-related shares, briefly lifting the benchmark past the 67,000-yen mark.

The Nikkei ended up 1,802.77 yen, or 2.80%, at 66,020.04 yen. Volume on the Prime Market was estimated at 2.75 billion shares, with turnover at approximately 12.77 trillion yen. Gainers outnumbered losers 964 to 555, while 44 issues finished flat.

Wall Street stocks surged overnight, as the Dow Jones Industrial Average jumped 929 dollars. Hopes for a ceasefire weighed on crude oil prices and boosted technology shares, driving the Nasdaq higher. U.S. President Trump noted that a peace deal with Iran could be signed as early as this weekend. The Tokyo market opened higher on the news, with the Nikkei at one point soaring over 2,800 yen to breach the 67,000-yen level. AI and semiconductor names saw heavy demand; Kioxia Holdings <285A> surged to overtake Toyota Motor <7203> as Japan's most valuable company by market capitalization. Sentiment was also supported by perceptions that selling pressure from Japanese investors raising cash for SpaceX’s U.S. market debut on Friday had run its course. However, lingering skepticism over the potential peace deal capped afternoon gains, leaving the index to fluctuate within a high range. The final settlement price (SQ) for June Nikkei futures and options was estimated at 66,698.04 yen.

Among individual stocks, semiconductor heavyweights Tokyo Electron <8035>, Disco <6146>, and Advantest <6857> posted solid gains, while SoftBank Group <9984> and Lasertec <6920> also advanced. Electronic materials and component suppliers moved higher, including Ibiden <4062>, Mitsui Kinzoku <5706>, Furukawa Electric <5801>, Resonac Holdings <4004>, Shin-Etsu Chemical <4063>, and SUMCO <3436>. Fast Retailing <9983>, Mitsubishi UFJ Financial Group <8306>, and Toyota Motor <7203> also finished higher.

Conversely, Taiyo Yuden <6976> and Murata Manufacturing <6981> slid, while Sony Group <6758>, Recruit Holdings <6098>, and TDK <6762> lost ground. Tokio Marine Holdings <8766>, NEC <6701>, Fujitsu <6702>, and Daikin Industries <6367> also closed lower.

Source: MINKABU PRESS

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