Edward Marchesi Opening trading in Tokyo showed a surge in the Japanese stock market. The Nikkei 225 jumped 3,13% , surpassing the symbolic 60.000-point threshold . This momentum coincided with a decline in oil prices , which favored investors seeking cheaper assets.
Meanwhile, the Japanese currency remained virtually unchanged: the yen held just above 158 yen per dollar and around 177,30 yen per euro . The stable exchange rate helped foster a sense of confidence, while traders closely monitored developments in the technology and semiconductor markets.
Nikkei 225 surpasses 60.000 points: causes of the rise
The main driver of the rally was the return of confidence in the technology and semiconductor sectors . After a week of sharp declines, shares of companies related to these sectors showed a clear reversal of trend, pushing the benchmark index to its highest levels in recent months.
At the same time, the price of Brent crude fell by 1,6% to $96,7 a barrel , which reduced inflationary pressures on companies' operating costs.
Related movements in Asian markets
Tokyo's momentum wasn't an isolated case: stock markets across Asia showed signs of recovery. Taiwan led the gains thanks to measures taken by local authorities to restore investor confidence, while Shenzhen remained almost flat with a 0,05% change . Hong Kong recorded a slight increase of 0,25%, Seoul contracted by -0,93% , and Mumbai remained essentially unchanged. In Sydney, however, results were slightly positive (+0,2%).
The Nvidia case and geopolitical tensions
A high-profile development has reverberated across the markets: Nvidia's board of directors has launched an investigation into alleged foreign espionage attempts against CEO Jensen Huang . Huang acknowledged having an affair with a woman described by sources as a possible Chinese spy, fueling concerns about growing geopolitical risk in the artificial intelligence sector.
Impact on currencies, bonds and commodities
In addition to the index's movement, investors have been closely monitoring bond yields: the 10-year Japanese government bond offers a yield of 2,67% , while the Chinese one is at 1,59% . The stability of the yen has kept its exchange rate almost unchanged against the euro (+0,13%) and the Chinese currency (+0,22%). The decline in oil prices is helping to contain pressure on energy costs, making investments in technology equities more attractive compared to commodities.
The combination of a resurgent technology sector, falling oil prices , and stable currencies has created a favorable environment for buying Japanese stocks, pushing the Nikkei 225 above the 60.000 mark . Market participants will continue to monitor both Asian macroeconomic data and the potential repercussions of geopolitical tensions related to Nvidia and AI.