Japan’s Nikkei 225 climbed toward the 58,000 level Tuesday as Asian stocks rise was observed, supported by strong technology shares, upbeat earnings outlooks and positive momentum from Wall Street.
The Nikkei gained about 2.7%, pushing to fresh highs and remaining within striking distance of 58,000, while the broader Topix index rose more than 2%, also trading near record territory. Japanese stocks have extended their post-election rally, with investors continuing to favor large-cap technology and export-oriented companies.
Shares of SoftBank Group surged nearly 12% at one point in Tokyo trading after one of its subsidiaries upgraded its full-year forecast for the fiscal year ending March 31. The stock added to a 6.3% gain recorded Monday, making it one of the biggest drivers of the Nikkei’s advance.
“Investors are responding to a combination of stronger corporate guidance and continued optimism around technology-led growth,” said Hiroshi Tanaka, chief strategist at Tokyo-based Sakura Asset Management. “Large-cap names tied to artificial intelligence and digital infrastructure are attracting consistent inflows.”
The rally has pushed Japanese equities to levels not seen before, reflecting renewed foreign interest and steady domestic buying as part of a broader Asian stocks rise across the region. Market participants say expectations for supportive monetary conditions and corporate reforms are also helping underpin valuations.
Regional Markets Follow Higher
Elsewhere in Asia, South Korea’s Kospi rose about 0.2%, hovering within reach of its record high, while the small-cap Kosdaq slipped 1.1% into negative territory. Investors in Seoul remained cautious, balancing gains in semiconductor shares against weakness in smaller growth stocks, contributing to the broader Asian stocks rise.
Hong Kong’s Hang Seng index advanced roughly 0.6%, led by technology and consumer shares. On the mainland, China’s CSI 300 index was little changed, as gains in industrial companies were offset by declines in financial stocks.
Australia’s S&P/ASX 200 rose around 0.2%, extending gains for a third straight session. Energy and mining shares provided modest support, tracking higher commodity prices.
“Markets across the region are taking cues from Japan’s momentum and the rebound in U.S. technology stocks,” said Mei Lin, an equity analyst at Pacific Crest Securities. “While the moves are mostly modest outside Japan, the tone remains constructive, contributing to the broader Asian stocks rise.”
India’s Nifty 50 added about 0.3%, supported by banking and information technology stocks, while Shanghai’s benchmark index edged slightly lower.
Wall Street Boosts Sentiment
Overnight in the United States, technology shares powered the S&P 500 to a second consecutive gain, with the index rising 0.47%. The Dow Jones Industrial Average inched up to a record high of 50,135.87, while the Nasdaq Composite jumped 0.9%.
U.S. investors focused on continued strength in major technology companies and expectations that corporate earnings growth will remain resilient in coming quarters. That optimism carried into Asian trading hours, reinforcing demand for growth-oriented stocks.
“Global investors are leaning into the idea that tech earnings can sustain current valuations,” said David Chen, senior portfolio manager at Horizon Global Investments. “That narrative is particularly supportive for markets like Japan, where heavyweight technology firms have a large influence on index performance.”
Analysts caution that markets could see bouts of volatility as investors digest upcoming economic data and corporate results. Still, the broader trend remains positive, with an asian stocks rise being driven by Japanese equities leading regional gains.
Source:
