Japan's Nikkei surges past 61,000 for first time on earnings, Mideast optimism

Sumitomo Electric Industries

07/05/2026 01:24

By Rocky Swift

TOKYO, May 7 (Reuters) - Japan's Nikkei share average shot to a record high on Thursday as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.

The benchmark Nikkei 225 Index .N225 rose 3.38% to an all-time high of 61,523.36 in early trading. The broader Topix .TOPX climbed 2.02% to 3,803.95.

Japan's markets are also responding to a stronger yen since the last trading day on Friday, following bouts of suspected intervention by Tokyo to bolster the currency.

Wall Street indexes hit record highs overnight as positive results from Advanced Micro Devices AMD.O propelled euphoria over the red-hot artificial intelligence sector. Iran said it is reviewing a U.S. proposal to end the more than two-month war, while President Donald Trump said the U.S. has had very good talks with Tehran.

 (Reporting by Rocky Swift in Tokyo
Editing by Shri Navaratnam)

 ((rocky.swift@thomsonreuters.com;))