Japanese Shares Rise on Tech Rebound

Japanese Shares Rise on Tech Rebound

The Nikkei 225 Index climbed 0.5% to above 64,300, while the broader Topix Index advanced 0.9% to 3,886 on Tuesday, as Japanese equities snapped a three-day losing streak amid a rebound in technology and artificial intelligence stocks.

Domestic markets also took cues from Wall Street's overnight gains, with chipmakers recovering strongly after Friday’s selloff.

Leading tech and AI performers included Kioxia Holdings (+2.6%), Tokyo Electron (+7.5%), Murata Manufacturing (+2.9%), Taiyo Yuden (+4.8%), and Advantest (+2.4%).

Meanwhile, investors continued to expect the Bank of Japan to raise interest rates later this month as policymakers grapple with persistent inflation.

On the geopolitical front, Iran and Israel agreed to halt attacks against each other, easing concerns that a broader conflict could intensify energy-driven inflationary pressures.

More news from Trading Economics