Japanese Shares Track Wall Street Higher
2025-10-02 00:56
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index climbed 0.6% to above 44,800 on Thursday, ending a four-day losing streak and following overnight gains on Wall Street, as investors looked past the US government shutdown expected to last at least three days.
Equities remained supported by solid corporate earnings, ongoing enthusiasm around artificial intelligence, and expectations of further Federal Reserve rate cuts.
Regional sentiment was further lifted after South Korea’s Samsung Electronics and SK Hynix announced a partnership with OpenAI to supply memory chips for its Stargate data centers.
Technology stocks spearheaded Japan’s rebound, with notable gains from Disco (6.6%), SoftBank Group (5%), Lasertec (3.1%), Advantest (3.4%) and Tokyo Electron (4.8%).
Other heavyweights also contributed to the rally, including Sanrio (2.3%), Fujikura (1.7%) and Daiichi Sankyo (5.4%).