Lates News

After the American chip giant Nvidia (NVDA.O) announced optimistic earnings forecasts, the Japanese stock market rebounded from four consecutive days of decline. In the morning session, the Nikkei 225 index rose by 4% to surpass 50,000 points, and the Topix index rose by over 2%. Tech stocks led the gains, with SoftBank Group rising by as much as 9.1% and chip equipment manufacturers Tokyo Electron and Ibiden rising by over 7%. Takashi Ito, senior strategist at Nomura Securities, said, "Nvidia's performance has been almost perfectly received by investors." He said that Nvidia's performance should drive a strong rebound in the Japanese stock market. However, there are still risks in the Japanese stock market before Prime Minister Kishida's expected announcement of an economic stimulus plan on Friday. Japanese government bond yields have risen to multi-year highs, and the yen has overnight fallen further to the 157 range against the US dollar.