Japan's Nikkei reaches historic 60,000 milestone as technology stocks surge. The benchmark index hit a record high of 60,013.98 on Thursday, driven by improved risk sentiment following U.S. President Donald Trump's extension of the Iran ceasefire. However, the index shed early gains in choppy trading and finished little changed, highlighting the fragility of the rally. The broader Topix index remained flat at 3,744.93. Technology stocks, particularly artificial intelligence-related companies like SoftBank Group, which jumped 6.4%, and chip makers Advantest and Tokyo Electron, led the advance. The NT ratio hit a record high of 15.74, revealing how gains have concentrated in a narrow group of stocks rather than broad market strength. Market analysts note that while investors have been optimistic about potential war resolution, further gains require positive cues supporting domestic demand.
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