The Nikkei 225 Index Closes 2.27% Higher

The Nikkei 225 Index jumped 2.4% to close at 69,947 on Monday, reaching a three-month high as technology and financial stocks led the rally. Japanese equities also followed gains on Wall Street Friday after weaker-than-expected US jobs data reduced pressure on the Federal Reserve to raise interest rates further. Still, investors remained cautious amid elevated bond yields and heightened uncertainty in the Middle East. In corporate news, SoftBank Group Corp. chief Masayoshi Son, a strong supporter of AI, said he remains concerned about safety risks as machines rapidly develop new capabilities, while calling on countries to build trust and cooperate to harness the technology. Gains among technology and banking stocks were led by Advantest (4.3%), SoftBank Group (3%), Tokyo Electron (5.5%), Mitsubishi UFJ (2%) and Sumitomo Mitsui (1.6%).

The Nikkei 225 Index went up by 1551 points or 2.27 percent on Monday to close at 69860 points. The rise was led by TDK (7.16%), Renesas Electron (7.05%) and Kyocera (5.64%).

The Nikkei 225 Index jumped more than 2% toward 70,000 on Monday, reaching a three-month high as weaker-than-expected US jobs data eased pressure on the Federal Reserve to raise interest rates further. Still, traders remained cautious amid elevated bond yields and heightened uncertainty in the Middle East. Domestically, investors are looking ahead to a series of economic reports this week, including wage growth, household spending and consumer confidence data. In corporate news, SoftBank Group Corp. chief Masayoshi Son, a strong advocate for AI, said he's also concerned about safety risks as machines rapidly gain new capabilities, while urging countries to build trust and work together to harness the technology. Technology and AI-related stocks led the gains, including Kioxia Holdings (1.3%), Advantest (4.4%), SoftBank Group (3.3%), Tokyo Electron (3.2%) and Taiyo Yuden (3%).