4 June 2025, 05:14 Japan: Shares Rise on Wall Street Boost.
The Nikkei 225 Index jumped 1% to around 37,800 while the broader Topix Index gained 0.5% to 2,785 on Wednesday, snapping a three-day losing streak as gains on Wall Street fueled investor optimism. The upbeat sentiment followed a tech-driven rally in the US, where Nvidia surged nearly 3% to reclaim its title as the world’s most valuable publicly traded company, overtaking Microsoft. Back in Japan, Bank of Japan Governor Kazuo Ueda reiterated the central bank's readiness to raise interest rates if economic and inflation projections are met, reinforcing expectations of a cautious shift toward policy normalization. He noted that Japan’s economy remains in a moderate recovery, supported by strong corporate earnings and solid business sentiment, despite some persistent soft spots. Tech stocks led the local gains, with Advantest climbing 3.2%, Disco advancing 1.5%, and Tokyo Electron up 1.5%.
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