Japanese equities experienced a significant rally, propelling the Nikkei 225 to new all-time highs. Technology and financial stocks were the primary drivers of this surge, supported by a weaker yen and positive global economic signals.
- The Nikkei 225 Index increased by 3.92%, closing at 54,721.
- Technology and AI-related stocks, such as Kioxia Holdings, Advantest, Fujikura, SoftBank Group, and Disco Corp, led the advance.
- Financial stocks also performed strongly, with Mizuho Financial, Mitsubishi UFJ, and Sumitomo Mitsui showing notable gains.
- A weaker yen provided additional support to the export-heavy Japanese economy.
- Global factors, including a rebound in precious metals and a surprise expansion in US factory activity, contributed to the positive sentiment.
This points to a period of strong growth for the Nikkei 225, driven by both domestic and international factors. The technology and financial sectors appear particularly robust, and the weaker yen is providing a competitive advantage for Japanese exporters. Favorable global economic indicators are further bolstering investor confidence, suggesting continued upward momentum for the index.