Tokyo stocks ended higher on Thursday, with the benchmark Nikkei stock index jumping more than 4 percent and closing at a fresh record high on gains in artificial intelligence- and semiconductor-related shares.
The 225-issue Nikkei Stock Average ended up 3,191.37 points, or 4.61 percent, from Wednesday at 72,366.34.
The broader Topix index, meanwhile, finished 52.71 points, or 1.33 percent, higher at 4,016.47.
On the top-tier Prime Market, electric appliances, information and communication, and glass and ceramics product issues were notable gainers.
The Nikkei stock index surged back above 72,000, reversing a two-day losing streak, as investors chased further gains following U.S. tech giant Micron Technology's strong earnings driven by robust demand for memory chips tied to AI applications, analysts said.
The index held firm throughout the session as investors continued buying heavyweight technology shares, with Advantest and Tokyo Electron among the standout gainers.
Analysts said buybacks and fear of missing out were fueling the rally. The overnight decline in benchmark West Texas Intermediate crude oil futures provided additional momentum.
Japan's Nikkei ends at record high on AI, tech gains
Japan's Nikkei ends at record high on AI, tech gains
