Nikkei closes above 33,000 for the first time in 33 years

The Nikkei rose by 1.8% to close above 30,000 for the first time in 33 years led by tech shares, including SoftBank Group and Advantest Corp, on expectations of investment in chip-related companies. Toyota Motors’ announcement to market next-generation battery electric vehicles from 2026 also added to the surge. Daiwa Securities strategist Kenji Abe noted that with Fed easing expected later in the year, this high valuation is likely to continue for the time being. The auto sector rose 3.4%, while drugmaker Eisai Co Ltd fell by 2.22%. The broader Topix gained 1.16%.