The Nikkei 225 Index Closes 0.31% Higher

The Nikkei 225 Index gained 200 points or 0.31 percent on Tuesday to close at 65729 points. Gains were led by Furukawa Electric (9.66%), Fujikura (5.72%) and Citizen Holdings (4.01%). Biggest losers were Yokohama Rubber (-3.75%), Tokyo Electric Power (-3.41%) and Honda Motor (-3.21%).

The Nikkei 225 Index rose 0.5% to close at 65,856 while the broader Topix Index gained 0.5% to 4,094 on Tuesday, reversing earlier losses as select technology and artificial intelligence-related stocks rebounded from the previous session’s decline. Investors also braced for chip giant Nvidia’s earnings report later this week for fresh clues on the strength of AI-related demand. Additionally, Federal Reserve Chair Kevin Warsh’s speech at the Fed’s annual Jackson Hole symposium on Friday will be closely watched for signals on the central bank’s policy outlook. On the geopolitical front, the US stepped up sanctions on Iran and its trading partners in an effort to pressure Tehran back to the negotiating table. Notable gains among tech and AI-related stocks included Fujikura (5.5%), Furukawa Electric (10.3%), Taiyo Yuden (1.3%), SoftBank Group (2.3%) and Ibiden Co (6.3%).

The Nikkei 225 Index fell 0.9% to below 65,000 on Tuesday, extending its decline to a third consecutive session and tracking a tech-led decline on Wall Street overnight as artificial intelligence infrastructure stocks remained under heavy selling pressure. Investors also braced for chip giant Nvidia’s earnings report later this week for fresh clues on the strength of AI-related demand. Additionally, Federal Reserve Chair Kevin Warsh’s speech at the Fed’s annual Jackson Hole symposium on Friday will be closely watched for signals on the central bank’s policy outlook. On the geopolitical front, the US ramped up sanctions on Iran and its trading partners in an effort to pressure Tehran back to the negotiating table. Notable losses came from tech and AI-linked stocks, including Kioxia Holdings (-1.9%), Advantest (-4.8%), Taiyo Yuden (-2.1%), Tokyo Electron (-1.9%) and Ibiden Co (-1.1%).