Japanese Shares Extend Record-Breaking Rally

On Friday, the Nikkei 225 climbed 1.7% to reach around 52,200, as the broader Topix Index advanced by 1% to settle at 3,335. These gains marked record highs for Japanese stocks, driven by a robust rally in technology shares. The upward momentum was supported by positive movements in US stock futures, spurred by optimistic earnings and sales projections from major players like Apple and Amazon, which bolstered sentiment across the tech sector. Noteworthy performers included Lasertec with a 0.9% increase, SoftBank Group rising by 2.2%, Advantest up 1.6%, Fujikura gaining 0.8%, and SCSK Corp surging 11%. Hitachi experienced a significant 10% rise following a 62% increase in first-half net income. Meanwhile, Socionext soared 16% on the back of strong financial results. Investors continued to keep a close eye on policy developments, as Bank of Japan Governor Kazuo Ueda noted that the economy is experiencing moderate recovery but cautioned that global trade policies could potentially hinder growth and corporate profits.

The material has been provided by - RobotFX.Org