Nikkei Rises Driven by SoftBank and Tech Stocks' Surge
Japanese stock markets rallied on Thursday (May 21), with the Nikkei 5225 Index surging 3.14% to close at 61,684 and the Topix Index rising 1.64% to 3,854. This marked a rebound after a decline earlier in the week and was driven by renewed optimism about demand for artificial intelligence.
Investor sentiment was also boosted by Nidia's strong earnings performance, which impacted the global technology market, and news that Samsung Electronics successfully avoided a potential strike, which supported semiconductor stocks. In Japan, SoftBank Group led the rally, surging nearly 20% following reports of OpenAI's preparations for a public offering.
Other technology stocks also posted significant gains, including Kioxia Holdings (7.9%), Fujikura (4.8%), Advantest (4.4%), Ibiden (14.3%), and Tokyo Electron (5.9%). This movement demonstrates investors' focus on the technology sector as a key driver of domestic market strength.
In addition to industrial factors, geopolitical news also impacted the market, with President Donald Trump's statement that the US was in the final stages of negotiations with Iran. This raised hopes that the strategic Strait of Hormuz could soon be reopened, adding to positive sentiment for Japanese stocks across the board. (asd)
Source: Newsmaker.id
