Japanese Shares Rebound as Oil Retreats
2026-03-10 00:30
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index jumped 2.88% close at 54,248, while the broader Topix Index gained 2.47% to 3,664 on Tuesday, recouping losses from the previous session as oil prices fell back below $100 a barrel, easing stagflationary fears.
The moves followed US President Donald Trump signaling that the Iran war could soon end and unveiling plans to keep oil prices in check.
G7 finance ministers also said the group “stands ready” to release oil from strategic reserves if needed.
Global stocks had recently come under pressure amid uncertainty over the Iran conflict, while surging oil prices raised concerns about the economic impact and a potential resurgence in inflation.
In Japan, fourth-quarter GDP growth was revised upward to 0.3% from an initial 0.1%, supported by strong domestic demand.
Tech stocks led the rebound, with gains from Kioxia Holdings (8.5%), Fujikura (6.4%), and Advantest (5.3%).
Heavyweight financial, consumer, and defense stocks also advanced.