Buying of AI-related stocks continued, pushing the index above the 68,000-yen level for the first time.

The Nikkei 225 surged sharply, closing at 68,402.13 yen—up 1,667.89 yen from the previous day (estimated trading volume: 2.54 billion shares)—marking its first close above the 68,000-yen level. Building on the momentum from U.S. markets, where technology stocks rallied the previous day, buying was led by semiconductor and artificial intelligence (AI)-related stocks such as Kioxia Holdings <285A>, Advantest <6857>, and Fujikura <5803>. After opening higher, the Nikkei index steadily extended its gains throughout the session, reaching 68,700 in the mid-afternoon.

Fisco JapanJun 3 03:41 ET

Reverse repo fee applicable – Tokyo Stock Exchange-listed securities (Category 6, closing segment) (Codes 9468–9996) (Subscription Date: June 2; Settlement Date: June 4)

(Note) The reverse repo fee is shown multiplied by the number of securities lending days. The prior-day reverse repo fee and the maximum fee rate are displayed on a per-day basis. For TSE-listed stocks, the excess borrowed shares represent the combined excess balance from the Tokyo Stock Exchange and PTS markets. Securities Lending Prior-Day Days Reverse Repo Fee Reverse Repo Fee Maximum Fee Rate Lending Price Excess Borrowed Shares Restriction (days) (¥) (¥) (¥) (¥) (shares/units) KADOKAWA 1 0.15 0.1 6.8

Jiji PressJun 2 21:48 ET

In the afternoon session, AI-related stocks rebounded as buying interest returned, limiting their downside.

The Nikkei 225 closed lower, finishing at 66,734.24 yen, down 200.09 yen (estimated trading volume: 2.74 billion shares). Profit-taking emerged following consecutive days of gains, and concerns also mounted over stalled negotiations between the U.S. and Iran toward ending hostilities. After opening lower, the index steadily declined throughout the session, dipping to an intraday low of 65,551.13 yen shortly after the afternoon trading session began. It later pared some losses after the results of the 10-year Japanese government bond auction were perceived as strong, supporting longer-term rates.

Fisco JapanJun 2 03:45 ET

Equities – Key Developments for Tomorrow: Kioxia Holdings to Implement a Progressive Dividend Policy

◆Kioxia Holdings Corp. <285A> announced the introduction of a progressive dividend policy at an investor briefing; the company expects its average annual capital investment for FY2026–FY2028 to amount to ¥470 billion. ◆Fast Retailing Co., Ltd. <9983> reported a 10.1% year-on-year increase in same-store sales at its domestic Uniqlo stores in May, driven by higher temperatures and strong demand for summer merchandise. ◆ABC-Mart, Inc. <2670> posted an 8.8% year-on-year rise in domestic same-store sales in May. ◆AND STH Co., Ltd. <2685> reported that its subsidiary Adastria Co., Ltd. achieved a 6.1% year-on-year increase in same-store sales in May, supported by robust performance of summer apparel. ◆Tokyo Best Co., Ltd. <3415> reported May same-store…

Jiji PressJun 2 03:44 ET

Fashion Retail Sector Expected to See a Polarization in Performance -- Market Talk

WSJJun 1 07:29 ET

H&M's Move Away From Low-Price Competition Is Hard to Execute -- Market Talk

WSJJun 1 05:00 ET