Nikkei Jumps 2.2% Led by Electronics & Banks
Japanese stocks rallied broadly on Tuesday, with the Nikkei rising around 2.2% to 53,808.67. Sentiment improved as US factory activity data showed a strong recovery, coupled with a weaker yen, which benefited export-oriented companies.
The main boost came from US manufacturing data: the Institute for Supply Management's manufacturing index rose to 52.6 (expansion zone) from 47.9. This figure led the market to assess the US economy as still quite "healthy," leading to a rebound in risk appetite.
In the forex market, the yen weakened—USD/JPY was around 155.5, up from the previous Tokyo close. A weaker yen typically helps Japanese corporate earnings (as exports rise in value upon conversion), so electronics stocks also rallied.
At the stock level, Kioxia Holdings surged around 11%, while Japan Post Bank rose around 4–5%. Kioxia's gains were also supported by expectations ahead of its financial report release scheduled for February 12, 2026.
The market is also awaiting the results of major issuers today: Denso is expected to report earnings on Tuesday, February 3, 2026, while Mitsui & Co. will announce its nine-month results on February 3, 2026 (12:00 JST). The combination of US data, the yen's direction, and the earnings season is what makes Japan one of the liveliest markets this morning. (asd)
Source: Newsmaker.id
