10.09.202501:00:54UTC+00Japanese Shares Rise on Tech Boost

The Nikkei 225 Index rose by 0.5% to approximately 43,690, while the broader Topix Index increased by 0.4% to reach 3,135 on Wednesday. This upward movement marked a recovery from the previous session’s declines, largely propelled by gains in technology stocks. Japanese tech equities mirrored the positive performance of their US counterparts, following a 28% surge in Oracle shares during extended trading. This rise was spurred by an extraordinary 1,529% increase in multicloud database revenue from major providers such as Amazon, Google, and Microsoft, driven by robust demand for AI servers. Concurrently, significant downward revisions in US employment data have bolstered expectations for an upcoming interest rate cut by the Federal Reserve, with some market participants speculating a substantial 50 basis point reduction. Domestically, a private survey revealed that Japanese manufacturing sentiment reached its highest point in three years in September, as trade tensions eased due to a tariff agreement with the United States. Among notable stock movers, SoftBank Group climbed 5.6%, Advantest rose by 2.5%, and Disco Corp increased by 1.4%.