10.09.202506:56:43UTC+00Japanese Shares Rise on Tech Boost

The Nikkei 225 Index experienced an uptick of 0.87%, reaching 43,838, while the more comprehensive Topix Index increased by 0.6% to 3,141 on Wednesday. This recovery followed a dip in the preceding session, with technology stocks spearheading the growth. Japanese tech companies followed the upward trend set in the US, where Oracle's shares soared by 28% in extended trading. This surge was attributed to an impressive 1,529% rise in multicloud database revenue from major players such as Amazon, Google, and Microsoft, spurred by the high demand for AI servers. Concurrently, significant downward adjustments in US employment data have reinforced the belief that the Federal Reserve may implement a rate cut in the upcoming week, with some investors speculating a reduction of 50 basis points. On the domestic front, a private survey indicated that manufacturing sentiment reached its highest level in three years during September, as trade tensions eased following a tariff agreement with the US. Significant gainers in the market included SoftBank Group, which climbed 7.2%, Advantest, which rose 3.3%, and Disco Corp, which gained 3.2%.