The Nikkei 225 rose ¥806.46, or 1.35%, from the previous day to close at ¥60,520.94 on the Tokyo stock market on the 4th, its first rise in 5 trading days. A pause in the rise in long-term interest rates in Japan and the US provided support.
The Nikkei 225 ended at ¥60,520.94 on the Tokyo stock market on the 4th, up ¥806.46 from the previous day. It was the index’s first rise in 5 trading days.
Following movements in US stocks, concerns about rate hikes receded against the backdrop of speeches by FRB officials, and long-term interest rates fell. The prospect of lower long-term interest rates was also reflected in the Japanese market.
Buying focused mainly on AI-related and semiconductor-related stocks, while a single stock, SoftBank Group, alone provided a major boost to the Nikkei. Meanwhile, the strengthening yen weighed on earnings prospects for automakers and other companies.
The TOPIX rose 0.03% to 4103.23.