Key Facts
• On September 4, the Nikkei 225 closed at 42,580.27, up 641.38 points.
• U.S. Federal Reserve rate cut speculation and tech stock gains boosted sentiment.
• SoftBank Group surged 6.4%, contributing 188 points to the Nikkei’s rise.
• Semiconductor and electric wire stocks showed strong performance.
• The Nikkei peaked at 42,608.80 during the afternoon session.
• TOPIX rose 1.03% to 3,080.17, while the Prime Market Index gained 1.03% to 1,585.61.
• Trading volume on the Tokyo Stock Exchange reached 1.87 billion shares, with a turnover of ¥4.32 trillion.
• 29 out of 33 sectors on the Tokyo Stock Exchange saw gains, led by banks, non-ferrous metals, and insurance.
• Construction stocks like Kajima and Shimizu Corporation performed well, while Nidec faced a sell-off due to accounting issues.
• The Growth 250 Index rebounded 0.29% to 759.64 after four days of losses.
Summary
The Nikkei 225 rebounded on September 4, closing at 42,580.27, up 641.38 points, driven by optimism over potential U.S. Federal Reserve rate cuts and strong U.S. tech stock performance. SoftBank Group led gains with a 6.4% rise, contributing significantly to the index’s increase. Semiconductor and electric wire stocks also performed well, while construction stocks gained amid speculation surrounding the upcoming Liberal Democratic Party leadership election. However, Nidec faced a sharp decline due to accounting concerns. The broader TOPIX index rose 1.03% to 3,080.17, with 29 out of 33 sectors posting gains. Trading volume reached ¥4.32 trillion, reflecting strong market activity. The Growth 250 Index also rebounded, ending a four-day losing streak.
