Tokyo: The Japanese Nikkei index rose on Wednesday, with technology stocks leading a broad wave of gains after Wall Street closed higher last night. This comes amid increasing odds of an interest-rate cut in the US in December.
According to Qatar News Agency, the Nikkei index closed up 1.9 percent at 49,559.07 points, while the broader Topix index rose 2 percent. Heavy-weight technology stocks saw significant climbs, with SoftBank Group's shares jumping 5.7 percent after having fallen by about 20 percent in the previous two sessions.
The share of Advantest, known for manufacturing chip-testing equipment, rose 2 percent. Additionally, the share of Fast Retailing, owner of the Uniqlo brand, increased by 1.8 percent. Meanwhile, the share of Hokkaido Electric Power Company surged 9.3 percent, and shares of Tokyo Electric Power Company climbed 4.6 percent.
In contrast, the share of Kioxia fell by about 15 percent, marking a notable exception in the day's overall upward trend.