The Nikkei 225 Index Closes 0.13% Higher

The Nikkei 225 Index rose 0.32% to close at 63,957 on Tuesday, recovering from earlier losses as a rebound in select technology stocks helped lift the market, with the recent selloff in artificial intelligence-related shares showing signs of easing. Top gainers included Kioxia Holdings (6%), Fujikura (7.9%), Tokyo Electron (3.1%), Taiyo Yuden (3.8%) and Lasertec (7.8%). Meanwhile, financial and consumer stocks continued to weigh on the indexes, with notable declines from Mitsubishi UFJ (-2.7%), Sumitomo Mitsui (-1.5%) and Fast Retailing (-1.1%). Investors also continued to assess the yen’s sharp appreciation following coordinated efforts by Japan and the US to support the currency, while remaining alert to the possibility of further intervention. A stronger yen clouds the earnings outlook for Japan’s export-oriented companies and makes domestic equities less attractive to foreign investors.

The Nikkei 225 Index gained 85 points or 0.13 percent on Tuesday to close at 63840 points. Gains were led by Yamaha Motor (11.89%), Furukawa Electric (11.84%) and Mitsubishi Heavy Industries (8.32%). Biggest losers were Nh Foods (-8.23%), AGC (-7.42%) and Mitsui Engineering & Shipbuilding (-7.32%).

The Nikkei 225 Index fell 0.6% to around 63,300, while the broader Topix Index slipped 0.3% to 3,948 on Tuesday, as Japanese equities declined for a second consecutive session, led by losses in technology stocks. The weakness came despite a strong overnight rally in major US tech shares, with investors remaining cautious about the outlook for the artificial intelligence trade. Markets also continued to digest the yen’s sharp appreciation following coordinated efforts by Japan and the US to support the currency, while staying alert for the possibility of further intervention. A stronger yen clouds the earnings outlook for Japan’s export-driven companies and makes domestic equities less attractive to foreign investors. Among technology stocks, Kioxia Holdings (-1%), SoftBank Group (-2.4%) and Advantest (-2.2%) posted notable declines. Financial and consumer shares also moved lower, including Mitsubishi UFJ (-1.8%) and Fast Retailing (-1.7%).