Japan’s Nikkei adds to record quarterly gain on tech rebound
FILE PHOTO: A man walks past a stock quotation board showing the Nikkei stock prices outside a brokerage in Tokyo, Japan, June 16, 2026. REUTERS/Manami Yamada/File Photo
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TOKYO, June 30 : Japan’s Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains.
The benchmark Nikkei 225 advanced 1.36 per cent to 70,416.02 in early trading. The index is poised for a 36 per cent gain in the past three months, the sharpest quarterly advance in data going back to 1965. The broader Topix rose 0.73 per cent to 4,010.88.
Japanese stocks tracked a positive tone in global equities after the United States and Iran agreed to halt hostilities and renew talks over the Strait of Hormuz. U.S. stocks ended sharply higher overnight, with the Dow hitting a record closing high.
“Reports that working-level talks between the U.S. and Iran are expected to take place should also provide support for stock prices,” Sony Financial Group analysts said in a report. “However, as institutional investors are expected to adjust their portfolios ahead of the end of the quarter today, volatile price movements are possible.”
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On the domestic front, Japan’s May industrial output data showed factory output rose 0.5 per cent month-on-month, below expectations, while manufacturers forecast a stronger 3.7 per cent increase in June. Foreign exchange is also in focus, with the yen falling to a 40-year low against the dollar overnight.
There were 149 advancers on the Nikkei 225 against 72 decliners, and three were unchanged.
The largest percentage gainers in the index were Rakuten Group, up 5.39 per cent; Tokyo Electron, up 5.09 per cent; and Fujikura, up 5.06 per cent.
The largest losers were Archion, down 2.41 per cent, followed by Takashimaya, 1.51 per cent lower, and Shift, which lost 1.25 per cent.
Source: Reuters
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