Nikkei 225 climbs 1.3% above 66,000 as Japanese shares rebound

The Nikkei 225 Index rose 1.3% to above 66,000 on Thursday, while the broader Topix Index gained 0.8% to 4,045, ending a two-day decline. Japanese shares tracked a positive lead from Wall Street as global bond yields pulled back from multi-year highs. The US Treasury Department said it would more than double repurchases of 10-, 20- and 30-year debt over the coming months after the 30-year Treasury yield reached its highest level since 2007 earlier this week. Japan’s 10-year government bond yield also eased to about 2.84% after reaching a 30-year high of 2.95%. July data showed Japan’s trade deficit widened sharply as imports hit a record high on increased crude oil purchases, while exports continued to grow strongly on demand for AI-related chips. Kioxia Holdings, Advantest, SoftBank Group, Nintendo and Toyota Motor were among the notable gainers.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.