01/06/2026
Last Week's Market Recap (May 25 to May 29)
At the start of the week, technology-related stocks, which had been leading the market's gains, attracted further buying following gains in U.S. equities late the previous week after President Trump signaled that a deal to end the conflict with Iran was "largely negotiated." This led to a continued upward trend with strong buying interest, with both the Nikkei 225 and TOPIX extending gains to fresh record highs. Later in the week, however, the market lost momentum, weighed down by signs of overheating after a sharp rally in semiconductor-related stocks, as well as lingering uncertainty surrounding negotiations toward ending the U.S.-Iran conflict, after reports that the U.S. military had carried out new strikes in Iran. Toward the end of the week, technology-related stocks were bought again after the three major U.S. indices all hit record highs the previous day, supported by reports that the U.S. and Iran had reached a deal to sign a memorandum of understanding to hold talks on Iran's nuclear program, prompting the Nikkei 225 to briefly reach a new all-time high, while TOPIX turned higher once again after losing momentum earlier in the week.
TOPIX rose by 64.71 points (1.66%) from the previous week to close at 3,957.17. Average daily trading volume rose by 277 million shares to 2.893 billion shares, and average daily trading value rose by JPY 2.0743 trillion to JPY 11.6214 trillion.
