Japanese Shares Rise as Oil Prices Drop
2026-09-30 01:00
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index climbed 1% to above 66,000, while the broader Topix Index rose 0.8% to 4,073 on Wednesday, ending a two-session decline as oil prices dropped sharply on easing supply concerns.
The moves followed Saudi Arabia restoring around half of the capacity of its East-West pipeline and the Trump administration ordering another release of emergency reserves.
Domestically, investors assessed data showing Japan’s industrial production unexpectedly fell in August, reflecting weaker output across major manufacturing sectors amid softer export demand, while retail sales growth came in below expectations.
Technology stocks led the recovery despite continued pressure from elevated bond yields, with notable gains in Kioxia Holdings (2.2%), SoftBank Group (4%), Advantest (1.8%), Taiyo Yuden (5.3%) and Fujikura (4.5%).
The Nikkei 225 Index is on track to end the month largely unchanged.