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Japan's Nikkei Rises 1%, Buoyed by Wall Street Gains, Lower Oil Prices

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Tokyo, October 06 (QNA) - Japan’s Nikkei index rose on Tuesday, buoyed by overnight gains on Wall Street and a decline in crude oil prices.

Japanese stocks accelerated their gains in the afternoon session after strong demand for the closely watched 10-year Japanese government bond eased concerns regarding the debt market.

The Nikkei advanced 1.1% to end the morning session at 70,683.98, while the broader Topix climbed 0.9% to 4,183.56.

Among the Nikkei’s 225 components, 165 rose and 55 fell, with three trading flat.

Overnight, all three of the main US indexes rose, with the tech-focused Nasdaq Composite hitting a record high amid a rally in tech heavyweights including Nvidia.

Japanese tech shares were more of a mixed bag, with chip-equipment maker Advantest gaining 3.9%, and optical fiber cable maker Fujikura jumping 5.2%, while AI-focused startup investor SoftBank Group lost 3.1%, making it the index's worst performer. (QNA)

 



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