FX.co ★ Japanese Shares Track Wall Street Higher

On Tuesday, the Nikkei 225 Index gained 0.9%, surpassing 51,300, while the Topix Index increased by 0.8% to reach 3,343. This upward movement extended the momentum from the previous day and mirrored gains on Wall Street, buoyed by a resurgence in AI stocks and optimism regarding a possible reopening of the US government. The rally was driven by a strong performance in technology and AI-related stocks, with companies such as Kioxia Holdings, SoftBank Group, Fujikura, Lasertec, and Hitachi seeing increases between 2.3% and 5%. Meanwhile, in corporate developments, Honda Motor saw a 0.2% decline as it lowered its full-year profit expectations, citing challenges from US tariffs and global semiconductor shortages, as well as growing rivalry from Chinese electric vehicle manufacturers. Economically, Japan reported a record current account surplus of 4.5 trillion JPY in September, as exports outstripped imports.