Japanese Shares Reverse Early Losses
The Nikkei 225 rose 0.3% to close at 45,630 while the Topix gained 0.23% to 3,170 on Wednesday, reversing losses from earlier in the session, with technology shares driving gains. Japanese equities also drew support from foreign inflows and sustained global optimism around artificial intelligence. On the data front, September PMI figures showed manufacturing remained in contraction despite forecasts for growth, while services expanded at a slower pace.
Investors now await Tokyo inflation data and the Bank of Japan’s July meeting minutes for policy clues. Meanwhile, US markets retreated overnight after Federal Reserve Chair Jerome Powell warned of stretched valuations and flagged uncertainty around the rate-cut outlook. Among notable gainers, SoftBank Group climbed 6%, Tokyo Electron rose 2.5%, and Disco added 2.4%.(ads)
Source: Trading Economics