Nikkei closes above 33,000 for the first time in 33 years

Japan's benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies.

SoftBank Group Corp (9984.T) jumped 5.25% on reports it may team up on an AI venture with ChatGPT operator OpenAI and that its semiconductor unit Arm is in investment talks with Intel Corp (INTC.O).

Toyota Motor Corp (7203.T) shares leapt 4.99% after the automaker announced plans to market next-generation battery electronic vehicles (EVs) from 2026, reported Reuters.

The Nikkei (.N225) climbed for a third-straight session, adding 1.8% to 33,018.65, closing above the key psychological level for the first time since July 1990.