Nikkei tops 70,000 intraday for first time in three months as AI, chip shares rise
In short
Japan's Nikkei 225 rose as much as 2.58% to 70,072.13 on Oct 5, climbing above the 70,000 mark during trading for the first time since July 6. Yonhap and Asia Economy attributed the gains to Wall Street's Oct 2 advance after expectations of a US Federal Reserve rate increase weakened, with AI and semiconductor shares leading; Advantest rose 5.3% intraday. Newsis put the rise at 2.4%.
Why it matters
The documents present the move as a sentiment shift driven by US monetary policy expectations rather than by Japanese company news, indicating that Tokyo equities are tracking Wall Street. The AI and semiconductor shares named as leaders point to technology stocks again carrying the Japanese market. Because the reports describe only intraday trading, it is not yet clear whether the level held.
Key facts
- The Nikkei 225 rose 2.58% in Tokyo trading on Oct 5 to 70,072.13, recovering the 70,000 level intraday for the first time since July 6. [ 1 , 2 ]
- The previous intraday move above 70,000 was on July 6, about three months earlier. [ 1 , 2 ]
- Yonhap and Asia Economy attributed the rise to Wall Street's Oct 2 gains after expectations of a US Federal Reserve rate increase weakened. [ 1 , 2 ]
- AI and semiconductor shares led the Tokyo market, with semiconductor testing equipment maker Advantest up 5.3% intraday at one point. [ 1 , 2 ]
- Newsis reported the Nikkei up 2.4%, while Yonhap and Asia Economy reported 2.58%. [ 1 , 2 , 3 ]
Confirmed by several sources
- The Nikkei 225 climbed above 70,000 during Tokyo trading on Oct 5, the first time it had done so intraday since July 6. [ 1 , 2 , 3 ]
- The index stood at 70,072.13, up 2.58% from the previous close, at the point described. [ 1 , 2 ]
- AI and semiconductor stocks led the gains, with Advantest rising 5.3% intraday. [ 1 , 2 ]
- The move was attributed to Wall Street's Oct 2 advance after expectations of a US Fed rate increase weakened. [ 1 , 2 ]
Still unclear
- Whether the Nikkei held the 70,000 level at the close. The documents describe intraday trading only and give no closing figure.
- The exact size of the day's gain. Newsis reported 2.4%, while Yonhap and Asia Economy reported 2.58%; the documents do not say whether the figures refer to different points in the trading day.
- Further detail from Newsis' Nikkei coverage. The article text carried with that document concerns an unrelated story, so only its headline could be used.
What local media are saying
Timeline, local time
- Yonhap reports the Nikkei 225 at 70,072.13 intraday, up 2.58% and above 70,000 for the first time since July 6. [ 1 ]
- Asia Economy reports the same intraday level and percentage, citing Wall Street's Oct 2 strength and eased Fed hike concerns. [ 2 ]
- Newsis reports the Nikkei up 2.4% with AI shares leading and the 70,000 level recovered intraday. [ 3 ]