Japanese Shares Track Wall Street Rally
The Nikkei 225 jumped 1.4% to surpass 40,700, while the broader Topix Index rose 0.8% to 2,863 on Monday, with both benchmarks reaching their highest levels in nearly a year.
The rally mirrored gains on Wall Street, where major US indexes hit new record highs amid easing tariff risks and receding geopolitical tensions.
However, trade friction between Japan and the US remains unresolved, as the 25% US tariff on Japanese car imports continues to be a sticking point in bilateral negotiations, with little sign of progress.
On the domestic front, industrial production data for May came in weaker than expected, though investor sentiment remained upbeat. Technology stocks led the charge, with notable gains from Disco (3.1%), Lasertec (1.3%), Advantest (2.7%), Tokyo Electron (2.3%), and SoftBank Group (5%).
Source: Trading Economics
