Japanese Shares Rise on Tech Rebound
The Nikkei 225 Index rose 0.4% to above 68,000 on Wednesday, ending a four-session losing streak as selling pressure in technology and AI-related stocks eased. Sentiment also improved following dovish comments from New York Fed President John Williams, who maintained that one additional rate hike would be appropriate this year but saw no need for further tightening in 2027. Lower US Treasury yields provided further support for Japanese equities, although elevated oil prices limited gains. Among the top technology performers, Advantest gained 1%, Kioxia Holdings rose 2.2%, Lasertec advanced 2.5%, SoftBank Group climbed 2.6%, and Taiyo Yuden surged 5.1%. Japanese technology stocks had faced mounting pressure in recent sessions amid concerns over AI-related investments and intensifying competition from China.
4% to above 68,000 on Wednesday, ending a four-session losing streak as selling pressure in technology and AI-related stocks eased. Sentiment also improved following dovish comments from New York Fed President John Williams, who maintained that one additional rate hike would be appropriate this year but saw no need for further tightening in 2027. Lower US Treasury yields provided further support for Japanese equities, although elevated oil prices limited gains. 1%.
Japanese technology stocks had faced mounting pressure in recent sessions amid concerns over AI-related investments and intensifying competition from China.