Japanese Shares Track Wall Street Gains
2025-08-05 00:42
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 rose 0.5% to around 40,500, while the broader Topix Index added 0.4% to 2,928 on Tuesday, rebounding from the prior session’s losses and mirroring overnight gains on Wall Street.
US equities rallied Monday on strong corporate earnings and renewed hopes for a Federal Reserve rate cut.
At home, minutes from the Bank of Japan’s latest meeting showed policymakers are open to further rate hikes if trade tensions ease, though the board still considers current rates appropriate amid lingering uncertainty.
Industrial and consumer stocks led the advance, with Mitsubishi Heavy rising 3.4%, IHI Corp gaining 2.3%, and Nintendo climbing 2.1%.
On the other hand, tech shares lagged, with losses from Disco (-0.7%), Tokyo Electron (-0.6%), and Advantest (-0.1%).