
Benchmark reclaims the 66,000 level as semiconductor shares surge on the back of a sharp rise in the Philadelphia Semiconductor Index, though yen strength weighed on some exporters.
Japan's Nikkei 225 extended its gains on Aug. 5, climbing 2,342.91 points, or 3.66%, to close at 66,300.44 and reclaim the 66,000 mark for the first time since July 23. The advance was driven by broad buying in semiconductor-related stocks after the Philadelphia Semiconductor Index rose more than 6% the previous day, with overseas investors helping lift names such as Advantest, Tokyo Electron and Ibiden. TOPIX also rose 2.13% to 4,046.17, while the JPX Prime 150 Index gained 1.81% to 1,692.25. Stronger regional equity markets, including South Korea's KOSPI and Taiwan's weighted index, supported sentiment, and some investors also pointed to a recovery in Kioxia Holdings after its recent earnings announcement. The stronger yen, however, remained a headwind after coordinated yen-buying intervention by the Japanese and U.S. governments, pressuring trading houses and some export-oriented shares.