27.01.202606:57:29UTC+00Japanese Shares Rise on Tech Rebound

On Tuesday, the Nikkei 225 Index increased by 0.85% to settle at 53,333, while the broader Topix Index saw a rise of 0.31%, reaching 3,564, ending a two-day downturn as risk appetite improved, with technology stocks driving the recovery. Earlier in the week, Japanese stocks had faced pressure when the yen appreciated by approximately 3%, stirring worries over a potential coordinated currency intervention by Tokyo and Washington. Since then, market sentiment has steadied, with investor attention now shifting to the upcoming snap election of the lower house, anticipated in less than two weeks, for more definitive policy guidance. Technology stocks led the gains amid optimism that domestic companies will capitalize on the global trend towards artificial intelligence. Noteworthy performances were recorded by Kioxia Holdings, up 5.7%, Advantest rising 5.9%, Disco Corp increasing by 3.7%, Lasertec advancing 3.4%, and Tokyo Electron climbing 2.5%.