Snapshot: The Nikkei 225 is up 4.30% to 62834, fueled by strong performance in tech stocks following Japan’s return from the Golden Week holidays. SoftBank’s surge on OpenAI and Arm investor gains is the primary driver.
- The Nikkei is trading near the intraday high of 63091, and a sustained break above could trigger further upside.
- Watch for profit-taking in the NY session after the massive overnight move, particularly if US yields firm.
Bias into NY: Bullish, as the catch-up rally in Japanese equities is supported by broader risk appetite, with S&P 500 futures up 0.30%. A break above the intraday high of 63091 would confirm the move.