Japan’s Nikkei Hits New Record on Tech Rally

2026-05-11 00:41 By Jam Kaimo Samonte 1 min. read

The Nikkei 225 climbed 0.8% to above 63,200 on Monday, reaching a new all-time high as technology shares powered higher on the back of strong corporate earnings and continued optimism surrounding the artificial intelligence sector.

Investors also looked past rising oil prices after President Donald Trump rejected Iran’s response to his peace proposal as “TOTALLY UNACCEPTABLE,” leaving the Strait of Hormuz effectively closed.

Leading gains among technology stocks came from Kioxia Holdings (9.8%), SoftBank Group (2.1%), Lasertec (4.2%), Fujikura (4.8%), and Tokyo Electron (2.1%).

In corporate developments, Sony Group surged 10.5% after unveiling plans to buy back up to ¥500 billion of its shares and forecasting an 11% rise in operating profit for the fiscal year ending March 2027, supported by steady expansion in its music and smartphone image sensor businesses.



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