Japanese Shares Snap Three-Day Decline
Japan’s Nikkei 225 Index rose more than 2% to 63,500 in early Tuesday trading, snapping a three-day decline and tracking a rebound on Wall Street overnight as sentiment improved after Anthropic PBC filed for an initial public offering. Traders now await this week’s earnings reports from leading technology companies, which could offer fresh clues on how AI investment is progressing and whether it is paying off. Attention is also turning to upcoming central bank meetings, with the US Federal Reserve, Bank of Japan and European Central Bank expected to keep interest rates unchanged for now, while the possibility of a rate hike later this year remains on the radar. Sentiment was further supported by a decline in oil prices amid renewed diplomatic efforts to resolve the conflict in the Middle East. Japanese chip-related stocks rose sharply, with Advantest gaining 7.8%, Kioxia rising 3.3%, SoftBank Group advancing 4.8%, and Tokyo Electron up 3.3%.
Japan’s Nikkei 225 Index rose more than 2% to 63,500 in early Tuesday trading, snapping a three-day decline and tracking a rebound on Wall Street overnight as sentiment improved after Anthropic PBC filed for an initial public offering. Traders now await this week’s earnings reports from leading technology companies, which could offer fresh clues on how AI investment is progressing and whether it is paying off. Attention is also turning to upcoming central bank meetings, with the US Federal Reserve, Bank of Japan and European Central Bank expected to keep interest rates unchanged for now, while the possibility of a rate hike later this year remains on the radar.
Sentiment was further supported by a decline in oil prices amid renewed diplomatic efforts to resolve the conflict in the Middle East. Japanese chip-related stocks rose sharply, with Advantest gaining 7.8%, Kioxia rising 3.3%, SoftBank Group advancing 4.8%, and Tokyo Electron up 3.3%.