09.06.202600:38:29UTC+00Japanese Shares Rise on Tech Rebound

The Nikkei 225 Index rose 0.5% to above 64,300, while the broader Topix Index gained 0.9% to 3,886 on Tuesday, with Japanese equities snapping a three-day losing streak on the back of a rebound in technology and artificial intelligence shares. Domestic markets tracked Wall Street’s overnight advance, as chipmakers staged a strong recovery following Friday’s selloff. Notable tech and AI gainers included Kioxia Holdings (+2.6%), Tokyo Electron (+7.5%), Murata Manufacturing (+2.9%), Taiyo Yuden (+4.8%), and Advantest (+2.4%).

At the same time, investors maintained expectations that the Bank of Japan will raise interest rates later this month as policymakers contend with persistent inflation. On the geopolitical front, Iran and Israel agreed to suspend attacks against each other, easing fears that a broader conflict could exacerbate energy-driven inflationary pressures.