Japanese Stocks Rebound on Tech Strength
2026-08-04 07:04
By
Jam Kaimo Samonte
1 min. read
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.