Japanese Shares Rise
The Nikkei 225 Index jumped 0.8% to close at 37,748 while the broader Topix Index gained 0.51% to 2,785 on Wednesday, snapping a three-day losing streak as gains on Wall Street fueled investor optimism.
Sentiment was buoyed by a sharp rebound in US tech stocks, with Nvidia jumping nearly 3% to reclaim its position as the world’s most valuable publicly traded company, overtaking Microsoft.
Domestically, Bank of Japan Governor Kazuo Ueda reaffirmed the central bank’s readiness to raise interest rates if economic and inflation forecasts are met, reinforcing expectations of a slow but steady policy normalization.
Ueda emphasized that Japan’s economy remains in a moderate recovery, supported by robust corporate earnings and firm business sentiment, despite some lingering weaknesses. Top gainers included Sanrio and IHI Corp, both up 4.2%, and Nintendo, which climbed 3.4%.
Source: Trading Economi
