Daiwa Securities Group, Inc.

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Japan's Nikkei 225 index surpassed 62,000 for the first time, driven by a 5% rally in tech, materials, and electronics sectors. Ibiden led with a 22.43% increase, followed by SoftBank Group and Mitsui Kinzoku with gains of 16.45% and 17.05%, respectively. The rally follows Tokyo's Golden Week holidays and is fueled by strong US tech earnings, with Wall Street's Nasdaq and S&P 500 also reaching record highs.

CoinLive

IBIDEN CO., LTD.

SoftBank Group Corp.

Asset Management One Co., Ltd.

BlackRock, Inc.

Nomura Holdings, Inc.

Japan Agricultural Cooperatives Group

Mitsubishi UFJ Financial Group, Inc.

Pro Ultrshrt Yen

SoftBank

Mitsui Mining and Smelting Company, Limited

Renesas Electronics Corporation

Tosoh Corporation

NASDAQ Composite Index

S&P 500

Nikkei 225 Surpasses 62,000 Amid Broad Rally

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The IMF advises Japan to gradually raise interest rates while maintaining targeted fiscal support, citing resilience in the domestic economy. Ahead of the Bank of Japan's policy meeting, IMF official Krishna Srinivasan highlighted strong domestic demand and improving wage growth as key economic drivers. He emphasized a cautious approach to monetary policy adjustments, recommending data-dependent rate hikes. Fiscal measures should be carefully targeted to avoid exacerbating Japan's elevated debt levels. The upcoming BOJ meeting will address the balance between supporting growth and managing inflation amid external risks.

- A senior IMF official suggested that Japan should gradually raise interest rates while maintaining targeted fiscal support, highlighting the country's economic resilience.  
- These comments precede an upcoming Bank of Japan policy meeting where policymakers will evaluate economic headwinds and inflation pressures linked to ongoing geopolitical tensions.  
- The IMF emphasized cautious adjustments to monetary policy based on forthcoming data and recommended limited fiscal interventions to support economic growth without exacerbating the national debt.

Invezz

Rakuten Investment Management, Inc.

Simplex Financial Holdings Co., Ltd.

IMF advises Japan to tighten policy, limit broad fiscal spending

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The Nikkei index in Japan rose by 256 points or 0.4%, closing at 58,134 points. The market increased on hopes of the end of the US-Iran conflict, with foreign capital buying stock index futures and technology stocks. SoftBank rose nearly 5%, and the three major bank stocks increased by 2% to 2.4%. Suntory plans to acquire the over-the-counter drug division of Takeda Pharmaceutical for approximately 200 billion yen, with stock prices rising by 1.2% and 3.6%, respectively. Other individual stocks showed mixed performance, with Fast Retailing down 0.4% and Hitachi up 5.3%

AASTOCKS

The Nikkei index closed up 256 points or 0.4%, SoftBank rose nearly 5%, and the three major bank stocks increased

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After opening 370 points higher on the 10th, the Nikkei Index rose 833 points in the half-day session, closing at 56,728 points. Fast Retailing's stock price increased by 9.5% due to a 19.6% rise in its interim net profit. Semiconductor stocks performed well, with SUMCO and Lasertec rising by 4.9% and 5.1%, respectively. Fujikura's stock price rose by 11.3%. However, software stocks were under pressure, with CyberAgent falling by 3.1%

FAST RETAILING CO., LTD.

Lasertec Corp.

SUMCO

"Asian Stocks" Nikkei rises 833 points in half a day, Fast Retailing rebounds 9.5% after earnings, Fujikura and semiconductor stocks perform well, software stocks decline

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FAST RETAIL-DRS Group share percentage gain expanded to 9.3%, reaching an ATH (All-Time High)

Wallstreetcn

Fast Retailing

FAST RETAIL-DRS

Fast Retailing, the owner of Uniqlo, reported a 29.4% increase in quarterly profit, reaching 189.8 billion yen ($1.19 billion) for the three months ending in February. This is up from 146.7 billion yen in the same period last year and exceeds analyst estimates of 161.6 billion yen. The company also raised its full-year profit forecast amid concerns over the impact of the Middle East crisis on global markets and supply chains.

Fidelity

Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit

Fast Retailing expects full-year operating profit to be 700 billion yen, up from its previous forecast of 650 billion yen

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The Nikkei 225 index closed up 290.19 points, or 0.55%, at 53,413.68 on Monday, April 6; the South Korean KOSPI index closed up 73.05 points, or 1.36%, at 5,450.35 on Monday, April 6. (Jinshi)

Samsung Life Insurance Co., Ltd.

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XL2CSOPSMSN

FI2 CSOP NIKKEI

Sumitomo Mitsui Trust Holdings, Inc.

Kosei Securities Co., Ltd.

Japanese and South Korean stock markets both closed higher, with South Korea's KOSPI index rising 1.36%.

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Japanese stocks rose on Friday, with the Nikkei 225 up 1.7% and the TOPIX gaining 1.1%, driven by hopes of a partial reopening of the Strait of Hormuz. Reports indicate Iran is working with Oman to manage tanker traffic in the strait. However, oil prices remain volatile due to escalating tensions and Trump's new tariffs on pharmaceuticals and metals. Notable stock gains included Hitachi, Tokyo Electron, SoftBank Group, Fast Retailing, and Mitsubishi.

Trading Economics

Hitachi,Ltd.

Tokyo Electron Ltd.

Japanese Stocks Rise on Hormuz Reopening Hopes

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Japan's corporate goods price index (CGPI) is projected to remain steady at +2.0% year-on-year in March, matching February's rate, while month-on-month it is expected to rise by +0.8%. Rising energy costs, particularly due to tensions in the Middle East, are influencing these figures. Despite a recent easing in producer inflation, the CGPI has maintained a streak of increases for 61 consecutive months. The government’s subsidies are expected to help stabilize prices, particularly in the oil sector, while rice prices have shown a notable slowdown.

Mace News

Monogatari Corporation

Daiwa Co., Ltd.

AP Holdings Co., Ltd.

Preview: Forecasters See Japan PPI +2.0% Y/Y, +0.8% in March M/M; Eye Rising Energy Costs

Daiwa Securities Group, Inc.(1365.JP)