TOKYO: Japan’s Nikkei share gauge surged past the 72,000 mark for the first time on Monday, on continued euphoria over AI investment and some progress in the US-Iran peace talks.
A joint statement by Qatar and Pakistan, mediators in the negotiations, said the US and Iran agreed to a roadmap toward a final deal within 60 days.
The benchmark Nikkei 225 advanced 1.55 percent to close at 72,353.96, after touching an intraday record peak of 72,831.73. The broader Topix gained 1.24 percent to 4,095.05.
Japanese Prime Minister Sanae Takaichi’s administration plans to set a target of about 370 trillion yen (USD2.29 trillion) in public and private investment in strategic sectors including AI and chips by 2040, the Nikkei reported on Friday.
There were 137 advancers in the Nikkei 225 against 85 decliners.
J.Front Retailing was among the leaders, surging 15.9 percent after activist investor 3D Investment Partners said it took a 5.10 percent stake in the department store operator.
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