Japanese Shares Head for Strong Weekly Advance
2026-04-10 00:46
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index climbed 1.8% to above 56,800 on Friday and was on track for a weekly gain of roughly 7%, as a two-week US-Iran ceasefire boosted risk appetite.
Investors now look ahead to diplomatic talks in Islamabad this weekend, where Vice President JD Vance will lead a US delegation in discussions with Iranian officials.
However, sentiment remained cautious amid ongoing Israeli strikes on Lebanon and continued disruption in the Strait of Hormuz, which could complicate negotiations.
Meanwhile, global technology and artificial intelligence stocks rallied after CoreWeave secured a much larger $21 billion agreement to provide computing capacity to Meta Platforms.
In Japan, tech shares led gains, with Kioxia Holdings and Fujikura both rising 8.1%, while Advantest added 2.6%.
Fast Retailing also surged 9.4% after raising its full-year operating profit forecast, supported by robust demand from the US and Europe, while Japan continued to serve as a steady domestic anchor.