Nikkei Index Hits Intraday Record High but Closes Down 0.47%

The Nikkei 225 Average Price Index, the leading stock market index in Japan, briefly surpassed the 63,000 mark during intraday trading on the 11th before closing lower.

On this day, the Nikkei index closed at 62,417.88, down 0.47% from the previous trading session.

Tokyo Stock Exchange Nikkei index electronic board on the 11th. Photo by AFP News Agency

Early in the session, the Nikkei index hit 63,385. Following its performance on the 7th, it broke above the 63,000 mark once again, setting a new intraday record high in just two trading days. This was influenced in part by the U.S. stock market on the 9th (local time), where the tech-heavy Nasdaq Composite Index reached an all-time high.

However, the index quickly gave up its gains afterward. The price of U.S. crude oil futures rose to the $100 per barrel level, and sell-offs in artificial intelligence (AI)-related stocks and some semiconductor stocks pulled the index down.

Nikkei reported that, given the rapid upward trend of the Nikkei index recently, it was a situation where profit-taking was likely to occur.

This week, U.S. Treasury Secretary Scott Bessent is visiting Japan, and a U.S.-China summit will be held in Beijing, China. Officials in Japan's securities industry told Nikkei, "If China does not cooperate with the U.S. regarding the situation in the Middle East, the stock market will inevitably remain conscious of developments in the Middle East."

This content was produced with the assistance of AI translation services.