Nikkei Rebounds: Foreign Buying Inflows, Blue-chip Stocks Surge
The Tokyo Stock Exchange rebounded in Wednesday's trading session. Foreign investors seeking out companies with strong fundamentals—such as TDK and Fujikura—helped the index recover from previous pressure.
The Nikkei 225 closed up 0.43%, or 220.38 points, to 51,063.31.
The Topix Index advanced 1.14% (37.75 points) to 3,359.33—its highest close since October 31.
Foreign investors flocked to stocks with solid earnings. The end of the reporting season made names with strong performance a target.
The yen weakened (at one point above 154 yen, its weakest since February)—a positive sentiment for exporters.
TDK, Fujikura: Benefiting from expectations of solid earnings, this also boosted other blue-chip sectors.
This rebound indicates a return to risk appetite in Japan, with the weakening yen acting as a tailwind for exporters and a shift toward quality earnings. As long as the yen remains weak and issuer guidance is maintained, the bias remains constructive for broad-based indices like the Topix.
Source: Newsmaker.id
