Japan’s Nikkei share average surged 6% on Tuesday, rebounding sharply from a 1.5-year low hit the day before. The rally was driven by optimism in U.S. technology stocks, which lifted investor sentiment across the board.
By 0020 GMT, the Nikkei had jumped 5.9% to 32,959.59, while the broader Topix index gained 6.14% to reach 2,428.64.
Although the S&P 500 and Dow Jones ended lower on Monday, the tech-heavy Nasdaq managed small gains after a volatile session. Investors remain concerned about a possible economic slowdown and rising inflation, especially after U.S. President Donald Trump reiterated his stance on tariffs, threatening to raise duties on Chinese imports.
Back in Japan, tech stocks led the charge. Tokyo Electron, a major chip-making equipment company, rose 8.85%, while Advantest, which makes chip-testing tools, surged 11%.
Bank shares also climbed strongly. Mitsubishi UFJ Financial Group jumped 12%, and Mizuho Financial Group rose 13%.
All 33 industry sub-indexes on the Tokyo Stock Exchange posted gains. The banking sector stood out as the top performer, with its index soaring 11%.
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