FX.co ★ Japanese Shares Rise for Third Session

The Nikkei 225 index increased by 0.27% to reach 45,755, while the Topix index rose by 0.47% to 3,185 on Thursday, marking the third consecutive day of positive performance. This rise occurred as investors disregarded a technology-driven selloff on Wall Street. U.S. stocks had declined for the second session amid concerns over record-high valuations, intricate interdependencies within the AI sector, and uncertainty surrounding the Federal Reserve's policy direction. On the domestic front, minutes from the Bank of Japan's July meeting suggested that policymakers might consider further rate hikes if economic and inflation conditions develop as expected. Investors are now looking forward to Tokyo's inflation data, set to be released on Friday, which serves as a significant indicator of national trends and could provide further insight into policy moves. Major contributors to the index's rise included SoftBank Group, which saw a 3.1% gain, Disco Corp with a 3% increase, and Tokyo Electron advancing by 1.7%.