On June 1, 2026, the Tokyo Stock Exchange saw the Nikkei 225 index reach the 67,000 level for the first time in history, driven by strong buying in major stocks, particularly SoftBank Group. During the session, SoftBank Group's share price surged significantly, allowing it to temporarily surpass Toyota Motor Corporation in market capitalization and become the most valuable company on the exchange [1].
Market participants attributed the rally to robust expectations for growth in AI-related businesses and investments, as well as continued buying by foreign investors. The overall market maintained a strong upward trend, with experts noting that large-cap stocks, especially in the technology sector, were attracting substantial capital inflows. Analysts suggested that the Nikkei's upward momentum could persist, with the 67,000 level serving as a key resistance point to watch [1].
Technical analysis indicated that short-term moving averages were in an uptrend, supporting a bullish outlook. However, there were also signs of caution, as some market participants expressed concerns about the high valuation levels, which could prompt profit-taking. Traders noted that while a short-term correction was possible, ongoing capital inflows into AI-related stocks might drive the index to new highs [1].
Currently, the support level for the Nikkei is seen around 66,500, with resistance in the upper 67,000 range [1].
CONCLUSION
The Nikkei's historic rise to 67,000 was fueled by strong gains in SoftBank Group and optimism around AI-related sectors. While the market remains bullish with continued foreign investment, some caution persists regarding potential profit-taking at these elevated levels. The ability of the Nikkei to sustain above 67,000 will be closely watched by investors.