FX.co ★ Japanese Shares Advance on Tech-Led Rebound

The Nikkei 225 Index advanced 0.86% to finish at 70,062 on Tuesday, while the broader Topix Index gained 0.32% to close at 3,995, extending the previous session’s rally as technology and artificial intelligence-related stocks rebounded. Japanese equities continued to benefit from optimism over the global expansion of AI, underpinned by the country’s strategic positioning and sustained investment in the sector.

The market also drew support from the yen’s decline to a four-decade low, which bolstered the earnings outlook for Japan’s export-oriented companies. At the same time, investors tracked the resumption of US–Iran peace talks in Doha, Qatar, with softer oil prices helping to ease inflation concerns in Japan.

Notable gainers included Taiyo Yuden (+8.3%), Tokyo Electron (+3.3%), and Fujikura (+6.0%). Both the Nikkei and Topix indices also booked their third consecutive monthly rise in June, posting gains of 5.3% and 1.0%, respectively.