# Japan's Nikkei briefly hits 70,000 as AI optimism returns

> Japanese stocks briefly cross 70,000 mark as AI optimism boosts markets.
- Title: Japan's Nikkei briefly hits 70,000 as AI optimism returns
- Summary: Japanese stocks briefly cross 70,000 mark as AI optimism boosts markets. Japan's Nikkei average briefly regained 70,000 for the first time in three months…
- Keywords: nikkei, japan, stock market, tobias, hard-disk drive, federal reserve, us jobs report, news, business, world, Japan's, briefly
- Source: Nikkei Asia — https://asia.nikkei.com/business/markets/japan-s-nikkei-average-regains-70-000-mark-as-ai-optimism-returns
- Published: 2026-10-05T07:11:30+00:00
- Read time: 1 min
- Topics: nikkei, ai, japan, stock market, tobias, hard-disk drive, federal reserve, us jobs report, news, business, world
## Japanese stocks jump
Japanese stocks jumped on Monday, with the benchmark Nikkei Stock Average crossing the 70,000 threshold during intraday trading for the first time in three months.
## AI optimism drives rally
Tech rally took Tokyo stocks to a three-month intraday high as AI-related market optimism returned.
## US jobs report impact
The September U.S. jobs report showed slower-than-expected growth, prompting investors to pare back bets on a Federal Reserve rate hike this month.
## Toshiba supply plan
Toshiba plans to double hard-disk drive supply to fill AI chip memory gaps.

> Toshiba to double hard-disk drive supply to fill AI chip memory gap
## Market reactions
US stocks climbed after weak jobs data, but bonds resumed selling as AI optimism returned.
## Key takeaway

Japan's Nikkei average briefly regained 70,000 for the first time in three months due to AI-related market optimism.