Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details​

Nikkei Hits Three-Month High: Weaker Yen Lifts Stocks

Nikkei Hits Three-Month High

Japan’s Nikkei share average surged on Tuesday, climbing to a three-month high above the 40,000 mark, fueled by strong performance on Wall Street and a weaker yen. By the midday break, the Nikkei had gained 1.6% to reach 40,232.45, marking the first time it surpassed the 40,000 level since July. The broader Topix index also saw a rise, gaining 1.14% to hit 2,737.

Wall Street’s positive close on Monday, particularly in the semiconductor sector, gave Japanese markets a boost. Nvidia’s stock hit a record high, leading to gains for Japanese chip-related stocks. Tokyo Electron surged 5.07%, and Advantest followed with a 3.53% rise, both helping to lift the Nikkei.

SoftBank Group, an AI-focused startup investor, soared by 6.85%, riding the wave of its subsidiary Arm Holdings’ strong overnight performance. Together, these tech-driven gains significantly bolstered the overall Nikkei index.

A weaker yen added to the positive momentum. The yen hovered near its lowest levels since early August, benefiting export-heavy companies. Automaker Toyota Motor edged up by 0.39%, while Sony Group saw a 0.64% rise, reflecting the favorable currency conditions.

Lasertec Corp emerged as the top percentage gainer in the Nikkei, climbing by 7.38%, further signaling optimism in Japan’s stock market as earnings season unfolds with positive results from major companies.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.