"Asian Stocks" Nikkei surges 946 points in half a day, SoftBank rebounds nearly 7%, bank stocks perform well

AASTOCKS
2025.11.26 03:29

The expectation of a rate cut by the Federal Reserve in December has once again heated up, and the three major U.S. stock indices performed well on the night of the 25th. The yuan rose slightly by 0.1% during the Asian session, while the dollar fell against the yen, reporting 155.85. The Nikkei index opened 352 points higher this morning (26th) and its gains once expanded to 1,058 points, reaching a high of 49,718, closing near the high at 49,605, up 946 points or 1.9%.

Heavyweight stocks supported the market upward, with SoftBank (9984.JP) rebounding 6.9% after a nearly 10% drop the previous day. Tokyo Electric Power Company (9501.JP) and Panasonic (6752.JP) each rose over 4%. Chip stock Sumco (3436.JP) increased by 4.6%.

Major automotive stocks moved upward, with Mitsubishi Motors (7211.JP) rising 1%, Honda (7267.JP) and Toyota (7203.JP) each up 1.7%, and Nissan (7201.JP) up 3.6%.

Former Bank of Japan board member Munehisa Kuroda stated that the recent weakness of the yen increases the likelihood of a rate hike by the Bank of Japan next month. Interest rate-sensitive bank stocks performed well, with Mitsubishi UFJ Financial Group (8306.JP) rising 2.1%, Sumitomo Mitsui Financial (8316.JP) up 3.2%, and Resona Holdings (8308.JP) increasing by 4.5%

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