Asian stocks rose broadly on lower U.S. long-term yields and firm trading on the New York Stock Exchange. The Nikkei 225 stood at ¥64,769.74 at the morning session close, with a surge in SBG-owned Arm Holdings pushing the index higher.
Asian equity markets rose broadly against a backdrop of lower U.S. long-term yields and firm U.S. stocks, while buying also dominated Japan’s stock market. The Nikkei 225 in Tokyo was up 0.86% at ¥64,769.74 at the morning session close, with gains exceeding ¥600 at one point during the morning. A surge in SBG-owned Arm Holdings lifted the Nikkei 225 by around 400 points, while Kioxia also rose 4.94%.
Asian markets, including China, Taiwan and Hong Kong, generally rose. The Shanghai Composite gained 0.49%, the Taiwan Weighted rose 0.65% and Hong Kong’s Hang Seng advanced 2.2%, with particularly strong buying in semiconductor and AI-related stocks. Toyota and Honda declined as the yen strengthened, while the TOPIX traded 0.18% lower.
U.S. market trends influenced trading across Asia. As the NYSE FANG+ Index set a new all-time high for the first time in about a month, buying spread across AI and semiconductor-related stocks, extending to Taiyo Yuden and Fujikura in Japan. A stronger yen weighed on export-related stocks, while technology stocks generally led the market.