Japanese Shares Rise on Wall Street Boost
The Nikkei 225 Index rose 1.53% to close at 42,580 while the broader Topix Index added 1.03% to 3,080 on Thursday, rebounding from the previous session’s decline and tracking a tech-led rally on Wall Street.
Gains were driven by Alphabet and Apple, which surged after Google’s parent avoided a breakup in an antitrust case, though persistent concerns about the global economy kept sentiment cautious. A pullback in bond yields also supported equities, with Japan’s 10-year yield easing from 17-year highs.
On Wednesday, Bank of Japan Governor Kazuo Ueda reaffirmed that the bank’s stance on rate hikes remains unchanged if growth and inflation evolve as expected. Investors now look to Friday’s wage data for further policy signals. Notable gainers included Fujikura (5.1%), SoftBank Group (6.5%), Sanrio (3.3%), Advantest (4.7%), and Tokyo Electric Power (3.1%).
Source: Trading Economics