Tokyo Opens Sharply Higher as Nikkei 225 Nears 64,000 Points

what happened

Japan's stock market is trading sharply higher on Wednesday, extending the previous session's gains. According to RTTNews via TradingView, the Nikkei 225 added 720.27 points, or 1.14%, to 63,988.64 after touching an intraday high of 64,196.68. Technology companies are leading the advance: Advantest and Screen Holdings are up almost 3%, Tokyo Electron more than 3%, and Kioxia more than 8%. Capcom, however, is down almost 11%.

On Wall Street, stocks moved notably higher on Tuesday. The Nasdaq jumped 1.2% to 26,477.60, the S&P 500 rose 0.6% to 7,722.60, and the Dow Jones edged up less than 0.1% to 52,377.57. Oil prices fell again: the December WTI contract dropped $1.73, or 1.70%, to $100.03 a barrel, as regional intermediaries in the Gulf worked to ease Middle East tensions. The dollar is trading in the higher 157 yen range.

why it matters

Two factors matter most for Japanese stocks right now: support from the technology sector and the yen's exchange rate. A weaker yen near 157 per dollar typically helps exporters, while lower oil prices ease costs for energy importers. Middle East developments remain the main external risk for oil prices.

market impact

Japanese stocks: tech gains and the strong US market support the Nikkei 225; oil under pressure

• ▲Nikkei 225 pressure up — gains in technology companies and a strong US market the previous day
• ▼WTI pressure down — intermediaries' efforts to ease Middle East tensions

instruments