Nikkei Surges on Expectation Japan`s Next PM Will Prioritize Nuclear Power

Published on 10/06/2025 at 02:58 am EDT
(MT Newswires) -- Japanese shares ended higher on Monday as investors welcomed expectations that Japan's next prime minister will keep nuclear power central to the country's energy strategy while scaling back emphasis on renewables such as solar.
The Nikkei 225 rose 4.75%, or 2,175.26 points, to end at 47,944.76.
Sanae Takaichi, newly elected leader of the ruling party, has advocated accelerating advanced nuclear technologies, including fusion, and aims to make Japan fully energy self-sufficient through next-generation reactors.
Defense stocks including Kawasaki Heavy Industries, Japan Steel Works, and IHI ended 9%, 15%, and 12% respectively. Meanwhile,
chipmakers Tokyo Electron and Advantest also gained by 7% and 14%.
On the corporate front, IK Holdings , which ended 16% lower, reported September sales of 1.41 billion yen, down 1.4% year on year, while fiscal-year sales since June rose 11% to 4.91 billion yen.
Ispace which ended 5% higher, said its Luxembourg unit signed a $22 million deal with U.S.-based Magna Petra to transport a lunar mass spectrometer on its third mission.
Matsuya, which rose 1%, launched its premium Eney Fine lab-grown diamond line in September, with bespoke pieces starting at 1.2 million yen. The broader Eney brand saw fiscal-year sales rise 30%, and the company is expanding overseas via e-commerce and trade shows.

Sumber : MT Newswires