TOKYO / MENA Newswire / — Tokyo stocks ended mixed on Monday as the Nikkei Stock Average closed at a fresh record high, supported by gains in heavyweight technology shares, while the broader market weakened. The 225 issue Nikkei rose 604.83 points, or 0.91 percent, to 66,934.33 after reaching an intraday record of 67,231.28. The broader Topix fell 16.47 points, or 0.42 percent, to 3,940.70.
The split performance showed the rally was concentrated in selected index heavyweights rather than across the Tokyo market. Official index data showed 70 Nikkei components advanced, while 155 declined and none were unchanged. Technology added 826.32 yen to the Nikkei’s daily move, offsetting declines in consumer goods, materials, capital goods, financials, transportation and utilities.
SoftBank Group was the largest weighted Nikkei component on the day, with a 10.27 percent index weight, followed by Fast Retailing, Advantest and Tokyo Electron. Technology represented 57.68 percent of the Nikkei’s sector weight, underlining the influence of large technology and semiconductor related shares on the price weighted benchmark.
Tech shares drive index gap
The Nikkei opened at 66,363.43, touched its session low of 66,244.84 at the start of trading and reached its intraday peak at 10:27 a.m. in Tokyo. Total market capitalization for the Nikkei constituents stood at 1,032.95 trillion yen, while total trading value was 9.91 trillion yen, based on official index figures for the session.
SoftBank Group shares advanced sharply during the session as AI infrastructure related shares drew buying interest. The company’s market value rose above Toyota Motor’s, putting the technology investment group ahead of Japan’s largest automaker by market capitalization during the trading day. Toyota shares declined, contributing to the weaker tone in parts of the broader market.
Broader market closes lower
The mixed finish followed strong recent gains in Japanese equities and highlighted the difference between the Nikkei’s heavyweight driven structure and the wider Topix measure. The Nikkei 225 is a price weighted index of 225 stocks listed on the Prime Market of the Tokyo Stock Exchange, while the Topix reflects a broader set of companies across the prime section.
The record close was followed by a pullback in the next trading session. On Tuesday, June 2, the Nikkei ended at 66,609.48, down 324.85 points, or 0.49 percent, after opening at 66,629.60. The index moved between 65,551.13 and 66,748.06 during the session, keeping the benchmark below Monday’s closing record but still near historic highs.