On Wednesday, the Nikkei 225 Index rose by 0.8% to conclude at 37,748, while the broader Topix Index saw an increase of 0.51% to finish at 2,785. This uptick ended a three-day decline, driven by renewed optimism among investors following gains on Wall Street. The positive sentiment was particularly inspired by a significant recovery in U.S. tech stocks, highlighted by Nvidia’s nearly 3% surge, which reestablished it as the world’s most valuable publicly traded company, surpassing Microsoft. In Japan, the Bank of Japan’s Governor, Kazuo Ueda, reiterated the institution’s preparedness to increase interest rates should economic and inflation expectations align, bolstering the anticipated gradual policy normalization. Ueda underscored that despite some persisting vulnerabilities, Japan’s economy is on a moderate recovery path, underpinned by strong corporate earnings and solid business sentiment. Among the top gainers were Sanrio and IHI Corp, both rising by 4.2%, along with Nintendo, which advanced by 3.4%.
The material has been provided by InstaForex Company – www.instaforex.com
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