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Record-setting rally lifts Japan’s Nikkei as AI optimism outshines stronger yen
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AI enthusiasm and Wall Street momentum drove the Nikkei to a new peak, though a stronger yen limited exporter upside and may prompt brief consolidation near-term.
Japan’s Nikkei index hit a fresh record high during late trade, powered by AI-linked shares and supportive cues from Wall Street. Gains in chipmakers and automation names offset a firmer yen that typically pressures exporters’ earnings. Market strategists noted breadth across technology, machinery, and software, with cash equities seeing steady foreign inflows. While the currency’s strength capped some upside, buyers cited resilient global risk appetite ahead of key US policy signals. Participants expect near-term consolidation if the yen extends gains, but AI-led earnings upgrades continue anchoring sentiment.