nikkei average jumps 370 yen after us tech rally

2025-09-04 general

tokyo, Thursday, 4 September 2025.
tokyo’s nikkei average experienced a significant rebound, climbing approximately 370 yen to trade around 42,200 yen. this surge is attributed to strong overnight performance by us tech stocks, particularly alphabet and apple, which were boosted by expectations of us interest rate cuts. despite a slight downturn in the dow jones industrial average due to disappointing labor data, positive sentiment from us markets propelled the nikkei upward.

Market open and intraday movement

The Nikkei 225 index opened at 42,093.70 yen on September 4 [2]. It reached a high of 42,385.71 yen by 9:18 am [7]. The index found its low for the morning at 42,066.59 yen at market open [7]. The Nikkei’s rise reflects a positive response to the technology sector’s performance in the us markets [1]. Investor sentiment has been buoyed by expectations of potential interest rate cuts by the us Federal Reserve [1].

Top contributors and detractors

Several stocks significantly contributed to the Nikkei’s upward movement. SoftBank Group (SBG) led the gains with a positive contribution of 123.58 points, followed by Fast Retailing with 82.66 points and Advantest with 76.98 points [7]. Other notable contributors include Fujikura, Sony Group, and TDK [1][7]. Conversely, Nidec faced selling pressure due to concerns about potential accounting irregularities, negatively impacting the index by 21.07 points [1][7]. Shin-Etsu Chemical and Kyocera also experienced declines [1][7].

us market influence

The positive momentum in the Nikkei is largely driven by the performance of us tech stocks, particularly the NASDAQ Composite index [1]. The anticipation of interest rate cuts in the us has further fueled buying interest in tech companies like Alphabet and Apple [1]. However, the Dow Jones Industrial Average experienced a slight dip, falling by 24 dollars, or 0.05%, to 45,271 dollars, reflecting concerns over weaker-than-expected labor indicators [3]. Despite this, the overall sentiment remains positive, influencing the Tokyo market [1].

Analyst expectations and market context

Analysts anticipated a rebound in the Nikkei, projecting an upper range of around 42,100 yen, approximately 200 yen higher than the previous day’s close of 41,938 yen [3]. The actual performance has exceeded these expectations, with the index trading higher in the morning session [1][7]. On September 2, the Nikkei closed at 42,310.49 yen, a gain of 121.70 yen, driven by bargain hunting after a previous decline [6]. The current market activity suggests a continuation of this recovery trend, supported by external factors and specific stock performances [1][7].

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