Japan: Shares Track Wall Street Higher.

The Nikkei 225 Index rose 0.4% to above 64,500 while the broader Topix Index climbed 1.2% to 4,130 on Thursday, recouping some losses from the previous session and tracking gains on Wall Street overnight as a pullback in global bond yields provided some relief. Oil prices also halted their rally after President Donald Trump said the latest attacks on Iran would be short-lived, easing inflation concerns. Meanwhile, traders kept a close watch on the yen after it rallied sharply amid speculation of a rate check and possible intervention by authorities. A stronger yen weighs on the earnings outlook for Japan’s export-heavy industries and makes domestic assets more expensive for foreign investors. Financial stocks led the rebound, with notable gains from Mitsubishi UFJ (2.6%), Sumitomo Mitsui (2.7%) and Mizuho Financial (2.3%).