Japanese stocks surge as markets reopen after a holiday break, with investors catching up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.\u00a0<\/p>\n
The tech-heavy Nikkei 225 Stock Average advanced as much as 4% to 61,902.23. The broader Topix Index rose as much as 2.1% to 3,806.81. Oil steadied after plunging 7% in the previous session.\u00a0<\/p>\n
This comes as Japanese equities have been gaining on strong earnings from tech firms. The Nikkei topped the key psychological level of 60,000 last month on that rally.\u00a0<\/p>\n
\u201cJapanese stocks are expected to rise, led by semiconductor and fiber-optic-related sectors, amid strength in overseas markets,\u201d said Takashi Ito, senior strategist at Nomura Securities. \u201cLower oil prices are significant for companies, as even a modest easing of inflation can provide meaningful relief.\u201d<\/p>\n
US stocks hit new highs Wednesday after Washington was said to present a memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the blockade on ports.\u00a0<\/p>\n
Tech shares are also supporting the market in Tokyo after US chipmaker Advanced Micro Devices Inc. rallied on bullish results. Memory chipmaker Kioxia\u2019s shares are set to rise by their daily limit while semiconductor related companies such as Renesas Electronics Corp and Ibiden Co. were some of the top performers on the Nikkei 225 on Thursday.\u00a0<\/p>\n
A stronger yen meanwhile may weigh on some export-related shares. The currency surged as much as 1.8% against the dollar on Wednesday, renewing speculation of intervention.\u00a0<\/p>\n
With assistance from Kanoko Matsuyama.<\/p>\n
This article was generated from an automated news agency feed without modifications to text.<\/p>\n","protected":false},"excerpt":{"rendered":"Japanese stocks surge as markets reopen after a holiday break, with investors catching up with the global equities…\n","protected":false},"author":2,"featured_media":18266,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[8,17,9230,5921,14530,14529,14531],"class_list":{"0":"post-18265","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-japan","8":"tag-japan","9":"tag-japanese","10":"tag-japanese-stocks","11":"tag-nikkei-225","12":"tag-semiconductor-sector","13":"tag-topix-index","14":"tag-us-stocks"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=18265"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/18266"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=18265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=18265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=18265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}