Japanese Shares Gain as Sentiment Improves
2026-02-03 00:49
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index jumped 2.6% to around 54,000 while the broader Topix Index gained 2.1% to 3,610 on Tuesday, recovering losses from the previous session as the selloff in precious metals abated, lifting investor sentiment.
Japanese shares also tracked gains on Wall Street following a surprise expansion in US factory activity, signaling a more supportive backdrop for global growth and corporate earnings.
Local stocks were further buoyed by a weaker yen, which improves the outlook for Japan’s export-heavy economy.
Over the weekend, Prime Minister Sanae Takaichi said a weak yen could be a major opportunity for exporters and help cushion the automobile sector against the impact of US tariffs.
Technology and AI-related names led the rebound, with Kioxia surging 10%, Fujikura climbing 6.8%, and Advantest advancing 3.9%.
Export-oriented firms also moved higher, including Toyota Motor (1.7%), Fast Retailing (1.7%), and Mitsubishi Heavy Industries (1.3%).