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Tags: Japan, Nikkei 225, Topix
On Tuesday, the Nikkei 225 Index saw a 0.9% rise, reaching approximately 38,440, while the Topix Index increased by 0.7% to 2,720, recapturing roughly half of the losses from the previous session. The uplift paralleled a tech-led rally on Wall Street overnight, driving major US indexes to new record highs. Significant gains were propelled by major US tech firms, including Tesla (5.3%), Apple (2%), and Broadcom (5.4%), despite an increase in Treasury yields.
Notable advances were also observed in index heavyweights like Disco Corp (1.6%), Mitsubishi Heavy Industries (4.2%), Tokyo Electron (2.1%), and Toyota Motor (1.2%). Additionally, Rakuten Group’s shares jumped by 4.6% after a patent case settlement agreement with IBM, while Takeda experienced a 3.3% decline due to a late-stage study failure of a seizure drug. Amidst these market movements, there was ongoing speculation about the Bank of Japan’s monetary policy direction, especially following the announcement on Friday concerning the bank’s intention to detail a plan for reducing its bond purchases at the next policy meeting in July.
(Nikkei 225 Index Six-month Chart)
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