04.09.202506:56:10UTC+00Japanese Shares Rise on Wall Street Boost

The Nikkei 225 Index climbed 1.53% to conclude at 42,580, while the broader Topix Index increased by 1.03% to 3,080 on Thursday. This recovery followed a decline in the previous session and mirrored the technology-driven surge seen on Wall Street. The ascent was primarily fueled by significant rises in Alphabet and Apple shares, following a decision in which Google's parent company managed to avoid a breakup in an antitrust lawsuit. Nevertheless, ongoing concerns regarding the global economic outlook maintained a level of investor caution. Additionally, a reduction in bond yields provided further support to equities, as Japan's 10-year yield retreated from its highest levels in 17 years. On Wednesday, Bank of Japan Governor Kazuo Ueda reaffirmed the institution's commitment to its current policy on rate hikes, contingent on expected growth and inflation patterns. Investors are now turning their attention to the wage data set to be released on Friday for additional policy insights. Among the notable companies that posted gains were Fujikura, rising 5.1%, SoftBank Group at 6.5%, Sanrio with 3.3%, Advantest at 4.7%, and Tokyo Electric Power up by 3.1%.