FX.co ★ Japanese Share Rise on Wall Street Boost

On Friday, the Nikkei 225 Index saw a rise of 0.9%, surpassing 49,100, while the broader Topix Index achieved a 0.3% increase, reaching 3,265. This rebound in Japanese equities followed a previous session's decline and was bolstered by a positive performance on Wall Street. U.S. stocks experienced a surge driven by renewed interest in technology stocks, and market sentiment was buoyed by the White House's confirmation of the scheduled Trump-Xi meeting next week. Japanese technology companies mirrored the upward trend of their U.S. counterparts, with significant gains observed in SoftBank Group (2.9%), Advantest (3.2%), Disco Corp (4.4%), Lasertec (2.7%), and Tokyo Electron (2.1%). Meanwhile, data revealed that Japan's core inflation accelerated to 2.9% in September, up from 2.7% in August. Despite ongoing inflationary pressures, the Bank of Japan is widely expected to maintain current interest rates in the forthcoming week, with market participants now forecasting the next potential rate hike to occur in January.