On June 26, the Tokyo stock market witnessed a significant surge in the Nikkei average, which briefly reached over 59,300 points, marking a historic milestone as it surpassed the 59,000 mark for the first time. This remarkable increase was driven by a strong performance in the previous day's US stock markets, with semiconductor-related stocks attracting substantial buying interest, coupled with a weaker yen against the dollar that further supported stock prices.

The US market had seen gains, with the Dow Jones Industrial Average rising by 307.65 points to close at 49,482.15, reflecting a general uptick in major stock indices. Ahead of NVIDIA's earnings report for late 2025 to early 2026, investor excitement around semiconductor stocks notably intensified, as the company was anticipated to report record revenues that exceeded market expectations, indicating a robust sector performance.

Additionally, the Bank of Japan's personnel matters and the yen's depreciation benefitted export-related stocks, contributing to the overall positive sentiment in the market. The Nikkei began trading at 58,995 points, 412 points higher than the previous closing, and was on track to potentially breach the landmark 60,000 points, fueled by a broad interest in AI and semiconductor-related stocks, thus suggesting a cautious optimism in the Japanese economy amidst global influences.