financetom
Market
financetom
/
Market
/
Japan's Nikkei index follows Wall Street higher; Kansai Electric surges
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei index follows Wall Street higher; Kansai Electric surges
Sep 9, 2025 7:46 PM

TOKYO, Sept 10 (Reuters) - The Nikkei share index edged

up on Wednesday, following gains on Wall Street, as traders

gauged economic data for signals of central bank policy shifts

in the United States and Japan.

Japan's Nikkei 225 Index climbed 0.3% to 43,604.15,

bouncing back from a 0.4% slide in the previous session. The

broader Topix added 0.2%.

The three main share indexes in the U.S. hit new record highs

overnight after a downward payrolls revision solidified

expectations the Federal Reserve will soon cut interest rates to

support the economy.

The path is less certain for the Bank of Japan as it eyes a

possible rate increase this year to rein in inflation but also

political uncertainty following the resignation of Prime

Minister Shigeru Ishiba.

The Nikkei surged to a record intraday high of 44,185.73 on

Tuesday before losing momentum and finishing in the red on the

day.

"The immediate focus remains on the 44,000 level," said

Nomura Securities strategist Chisa Matsuda. "As we approach that

threshold, profit-taking is expected, potentially weighing on

the upside."

On the plus side for Japan's economy, manufacturers'

sentiment was its best in more than three years, the Reuters

Tankan poll showed in a preview to the BOJ's own closely watched

survey due on October 1.

There were 88 advancers on the Nikkei against 136 decliners. The

largest gainer was Kansai Electric Power ( KAEPF ), up 6% after a

Financial Times report that activist investor Elliott Management

has become one of the top three shareholders in the company.

Fujikura ( FKURF ), a supplier to Apple ( AAPL ), was the No. 2

gainer with a 5.5% surge. Apple ( AAPL ) unveiled a slate of iPhones

overnight, holding prices steady as it contends with the effects

of tariffs.

The largest losers in the Nikkei were Mazda Motor ( MZDAF ),

down 2.9%, followed by Denso ( DNZOF ), which slumped 2.8%."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer Stocks Higher Tuesday Afternoon
Sector Update: Consumer Stocks Higher Tuesday Afternoon
Dec 24, 2024
12:20 PM EST, 12/24/2024 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.6%. Redbook US same-store sales accelerated by 5.9% from a year earlier in the week ended Dec. 21 from a 4.8% year-over-year increase in the previous...
Sector Update: Financial Stocks Advance Tuesday
Sector Update: Financial Stocks Advance Tuesday
Dec 24, 2024
12:20 PM EST, 12/24/2024 (MT Newswires) -- Financial stocks were higher in Tuesday trading, with the NYSE Financial Index increasing 0.6% and the Financial Select Sector SPDR Fund (XLF) rising 0.9%. The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.2%. Bitcoin (BTC-USD) rose 3.6% to $98,150, and the yield for 10-year...
Top Midday Decliners
Top Midday Decliners
Dec 24, 2024
12:38 PM EST, 12/24/2024 (MT Newswires) -- Diana Shipping ( DSX ) has extended the time charter contract for its m/v Amphitrite dry bulk vessel, with Cobelfret agreeing to a gross daily rate of $8,750 over the first 50 days of the contract and rising to $12,100 per day for the remaining term, minus a 5% commission. Shares of the...
Sector Update: Tech Stocks Gain Tuesday Afternoon
Sector Update: Tech Stocks Gain Tuesday Afternoon
Dec 24, 2024
12:28 PM EST, 12/24/2024 (MT Newswires) -- Tech stocks rose in Tuesday afternoon trading with the Technology Select Sector SPDR Fund (XLK) up 0.9% and the SPDR S&P Semiconductor ETF (XSD) climbing 1.1%. The Philadelphia Semiconductor index added 0.8%. In corporate news, Meta's (META) WhatsApp and Alphabet's (GOOG) Google Play are set to become accessible again in Iran as the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved