Japanese Shares Rise on Wall Street Boost

The Nikkei 225 Index climbed 1.1% to above 42,400 while the broader Topix Index added 0.7% to 3,070 on Thursday, rebounding from the prior session’s losses and tracking a tech-driven rally on Wall Street. Gains came as Alphabet and Apple surged after Google’s parent avoided a breakup in an antitrust case, though lingering concerns over the global economy kept sentiment cautious. A retreat in bond yields also lifted equities, with Japan’s 10-year yield pulling back from 17-year highs. On Wednesday, Bank of Japan Governor Kazuo Ueda reiterated that the bank’s stance on rate hikes remains intact if growth and inflation unfold as expected. Investors now await Friday’s wage data for further policy clues. Leading gainers included Fujikura (5%), SoftBank Group (3.9%), Advantest (2.5%), Tokyo Electric Power (2.4%) and Fast Retailing (2.3%).