FX.co ★ Japanese Market Sharply Higher

Rebounding from losses in the previous session, the Japanese stock market sees a substantial uptick on Friday, bolstered by favorable signals from Wall Street overnight. The benchmark Nikkei 225 surpasses the 35,400 mark, with gains evident across all sectors, particularly among index heavyweights and financial stocks.

The Nikkei 225 Index climbs 576.06 points, or 1.65 percent, reaching 35,407.21, after peaking at 35,671.31 earlier. Japanese stocks had closed significantly lower on Thursday.

Leading the market, SoftBank Group rises more than 5 percent while Fast Retailing, the operator of Uniqlo, adds over 1 percent. In the automotive sector, Honda gains more than 2 percent, and Toyota edges up by 0.1 percent.

In the technology sector, Advantest sees an increase of over 3 percent, while Tokyo Electron and Screen Holdings experience slight gains between 0.2 to 0.5 percent.

Within the banking sector, Mitsubishi UFJ Financial rises by almost 1 percent, Mizuho Financial advances over 3 percent, and Sumitomo Mitsui Financial climbs more than 4 percent.

Among major exporters, Mitsubishi Electric declines by over 2 percent, whereas Canon gains almost 3 percent, Sony adds nearly 2 percent, and Panasonic advances 1.5 percent.

Significant gainers include JGC Holdings and Itochu, both soaring nearly 7 percent. Recruit Holdings and Concordia Financial surge more than 6 percent each. Terumo, Fukuoka Financial, and Mitsui Mining & Smelting see gains of almost 6 percent each, while Resonac Holdings, Chiba Bank, Chugai Pharmaceutical, DeNA, and Resona Holdings advance over 5 percent each. Orix and NTN also rise by approximately 5 percent each.

Conversely, NEXON plummets over 12 percent, Shiseido drops nearly 12 percent, Sumco falls almost 10 percent, and Nikon slips nearly 9 percent. Amada and BANDAI NAMCO decline by more than 4 percent each, with Taiyo Yuden losing close to 4 percent and Taiheiyo Cement down almost 3 percent.

On the currency front, the U.S. dollar trades in the lower 147 yen range on Friday.

On Wall Street, stocks surged on Thursday, with major indices more than recovering from the prior session's decline. The indices surged at the session's start and continued to gain throughout the day.

The major averages leveled out near their peak by the close. The Nasdaq soared 464.22 points, or 2.9 percent, to 16,660.02. The S&P 500 gained 119.81 points, or 2.3 percent, to 5,319.31, while the Dow jumped 683.04 points, or 1.8 percent, reaching 39,446.49.

Meanwhile, European markets had a mixed showing. The German DAX Index rose by 0.4 percent, whereas both the French CAC 40 Index and the U.K.'s FTSE 100 Index dipped by 0.3 percent.

Crude oil prices also increased on Thursday, driven by potential supply disruptions due to Middle East tensions and optimism about rising demand in the U.S. West Texas Intermediate Crude oil futures for September closed up by $0.96, or 1.28 percent, at $76.19 a barrel.