Asian stocks: Japanese stocks rose 1,286 points or 2.3% throughout the day, approaching a new high of 58,000 during the session, with SoftBank up by 10%

AASTOCKS
2026.02.10 07:22

Japanese stocks continued to rise significantly, influenced by the overwhelming control of the House of Representatives by the Liberal Democratic Party of Japan, with foreign capital's unilateral buying pushing the market higher. The rise in U.S. tech stocks also provided momentum. The Nikkei average opened up 448 points and then expanded its gains, once rising 1,596 points to reach a new high of 57,960 points, closing up 1,286 points or 2.3% at 57,650 points.

SoftBank (9984.JP) rose 10.7%, as the company's telecommunications business raised its earnings outlook. In other artificial intelligence and semiconductor stocks, Discus (6146.JP) rose 4.3%, Advantest (6857.JP) and Tokyo Electron (8035.JP) rose 1.2% and 2.2%, while Lasertec (6920.JP) and Kioxia (285A.JP) fell 1.2% and 0.3%. In the wire sector, Furukawa Electric (5801.JP) rose 22.9%, while Sumitomo Electric (5802.JP) and Fujikura (5803.JP) rose 4.3% and 5%. In the defense sector, heavy industry stocks such as Mitsubishi Heavy Industries (7011.JP) rose 2.8%, while Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) rose 7.6% and 4.9%.

Additionally, Fast Retailing (9983.JP) rose 1%, Sony (6758.JP) and Nintendo (7974.JP) rose 3% and 3.1%, while Ryohin Keikaku (7453.JP) and Rakuten Group (4755.JP) rose 5.1% and 4.3%. Trading companies such as Itochu (8001.JP), Marubeni (8002.JP), Sumitomo Corporation (8053.JP), and Mitsubishi Corporation (8058.JP) rose 3.3% to 4.3%, while bank stocks Mitsubishi UFJ Financial Group (8306.JP) rose 2.6% and Mizuho Financial Group (8411.JP) rose 3.4%. In the metals sector, Sumitomo Metal Mining (5713.JP) rose 8.2%, and JX Metals (5016.JP) rose 3.3%.

In other stocks, real estate company Mitsubishi Estate (8802.JP) raised its full-year earnings forecast, with its stock price rising 10.4%. NEC (6701.JP) announced a buyback of 30 billion yen in shares, with its stock price rising 7.3%.

The exchange rate of the dollar against the yen is 155.37

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