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Benchmark Nikkei 225 tops 68,000 for first time as AI-driven buying frenzy shows no signs of slowing down.

Japan’s stock market has hit an all-time high as a global buying frenzy driven by AI shows no signs of slowing down.

The Nikkei 225 rose nearly 3 percent on Wednesday, lifting the benchmark index above 68,000 for the first time.

The latest surge continues a banner year for Japan’s stock market, which is up nearly 33 percent so far in 2026.

“Investor enthusiasm over the AI boom is helping drive Asian equity markets higher,” Khoon Goh, head of Asia research at ANZ, told Al Jazeera.

“While strong demand for high-end chips has seen the top semiconductor companies in Taiwan and South Korea rally strongly, this is also benefiting Japanese markets, which are also getting some tailwind from a weak yen.”

Japanese firms involved in the semiconductor business led the gains.

Tokyo Electron, Japan’s largest manufacturer of semiconductor equipment, soared as much as 14 percent in morning trading.

Advantest, which supplies testing equipment to the semiconductor industry, rose more than 5.5 percent.

Shin-Etsu Chemical, a supplier of silicon wafers used in integrated circuits, gained about 4 percent.

Softbank, which is heavily invested in AI models, chips and data centers, fell about 3 percent, after overtaking auto giant Toyota on Monday to become Japan’s biggest company by market capitalisation.

Ferocious demand for AI chips has been driving record-breaking rallies in stock markets across the globe, taking key indexes in the US, Japan, South Korea, Taiwan to record highs.

During the past month, three memory chip makers – South Korea’s SK Hynix and Samsung Electronics, and US-based Micron – entered the elite club of firms with a market capitalistion of at least $1 trillion.

Only 17 companies have hit the milestone, all but five of which are based in the United States.

Despite concerns about the sustainability of the sky-high valuations in the sector among some investors, tech companies are continuing to commit huge sums to AI-related infrastructure.

US tech giants are expected to spend about $800bn on AI-related capital investment in 2026, according to Goldman Sachs.

Google parent company Alphabet on Monday became the latest Silicon Valley giant to outline its AI-related investment plans, announcing that it would sell $80bn worth of shares to help fund expected capital expenditures of $180-190bn in 2026.

A FAMOUS seaside town is getting a £50million rail link as part of a major upgrade.

Described as the “best service since the steam days”, the change will make it easier for tourists to visit “Britain’s Magaluf”.

New and improved rail services will launch in Newquay on May 17, enhancing travel links for the Cornish coastal town.

Locals have hailed this project as “the best service since the steam days”, making rail transport a genuine option for commuting around the area.

The Mid Cornwall Metro, operated by Great Western Rail, has transformed every aspect of their service.

This comes after they received a £56.8million investment from the government, Cornwall Council and the rail sector.

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Now, an hourly train will run between Newquay and Par, locations which are over 20 miles apart.

The journey will also extend to popular destinations such as St Austell, Truro, Penryn and Falmouth.

A convenient “tap in, tap out” system has been extended to cover the whole of Cornwall, letting passengers use a pay as you go scheme.

Trains will run seven days a week and all year round, with Mid Cornwall Metro hoping to offer 700,000 seats each way for passengers travelling between Newquay and Par.

The improvements have come in multiple forms, such as building new passing loops, replacing metres of tracks and installing new signal boxes.

Back in November, a second platform opened at Newquay station for the first time in 40 years, having shut due to a signal box closure in 1987.

As part of the £50million investment, the station was transformed with a completely rebuilt platform and brand-new track.

Now, commuters will be able to travel all around Cornwall in just over a week’s time.