PT Rifan Financindo Berjangka - The Nikkei 225 Index rose 0.7% to above 41,400 while the broader Topix Index gained 0.6% to 2,912 in post-holiday trade on Tuesday, with Japanese shares tracking Wall Street higher as Federal Reserve Chair Jerome Powell expressed confidence about the inflation outlook, strengthening the case for rate cuts.
Rising odds for a second Trump presidency following a failed assassination attempt also boosted equities as his policies are seen favorable to investors due to tax cuts and deregulation. Meanwhile, investors continued to monitor yen moves after surging about 2% last week on a suspected government intervention.
Strong gains were seen from index heavyweights such as Mitsubishi Heavy Industries (5.5%), Disco Corp (1.7%), Mitsubishi UFJ (1.8%), SoftBank Group (2%) and Tokyo Electron (1.1%). In corporate news, SoftBank Group led a $300 million funding round for startup Skild AI which focuses on developing a "general-purpose brain" for AI systems. PT Rifan Financindo Berjangka.
Source: Trading Economics
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