The Nikkei 225 Index Closes 1.28% Lower

The Nikkei 225 Index went up by 1128 points or 1.58 percent on Monday to close at 72379 points. The rise was led by J Front Retailing (15.56%), Toppan (10.87%) and Toto (10.82%).

The Nikkei 225 Index jumped 1.55% to close at 72,354, while the broader Topix Index gained 1.24% to 4,095 on Monday, with both benchmarks reaching new record highs as Japanese firms tied to the global artificial intelligence infrastructure boom continued to lead the market higher. Domestic equities also advanced as oil prices declined further after Washington and Tehran agreed on a roadmap to reaching a final deal in 60 days, allaying market fears after both sides exchanged renewed threats over hostilities in Lebanon. Meanwhile, investors awaited the latest Japanese PMI data for clues on economic conditions, along with the Bank of Japan’s Summary of Opinions from its June meeting, where policymakers raised interest rates by 25 basis points to 1%. Among notable gainers, Furukawa Electric jumped 8.7%, Murata Manufacturing rose 4.3%, JX Advanced Metals gained 12.4%, Ibiden advanced 7.6%, and SoftBank Group added 1.9%.

The Nikkei 225 Index dropped 349 points or 0.49 percent on Friday to close at 70704 points. Losses were led by Sumitomo Metal Mining (-7.04%), NEC (-6.02%) and Daiichi Sankyo (-5.95%). Offsetting the fall, top gainers were Furukawa Electric (15.10%), Sumitomo Electric (10.37%) and Renesas Electron (5.74%).