{"id":14017,"date":"2024-07-03T05:20:19","date_gmt":"2024-07-03T05:20:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14017"},"modified":"2024-07-03T05:20:19","modified_gmt":"2024-07-03T05:20:19","slug":"japans-nikkei-climbs-as-tech-stocks-follow-us-growth-shares","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/japans-nikkei-climbs-as-tech-stocks-follow-us-growth-shares\/","title":{"rendered":"Japan&#8217;s Nikkei climbs as tech stocks follow US growth shares"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Key points<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nikkei increased by 0.81% to 40,398.35 by 0142 GMT.<\/li>\n\n\n\n<li>Topix edged up 0.13% to 2,860.26, marking its fourth consecutive session of gains.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Japan&#8217;s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening. <\/p>\n\n\n\n<p>This upward movement was primarily fueled by gains in heavyweight technology stocks, which followed the performance of U.S. megacap growth shares overnight.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/07\/Nikkei225-VTMarkets-3July-1024x456.jpeg\" alt=\"Chart of Japan's Nikkei 225 Index on VT Markets platform showing a significant upward trend with a 2.31% increase, opening at 39,506.65 and closing at 40,419.15. The index reached a high of 40,439.15 and a low of 40,169.15 in a 4-hour timeframe, driven by gains in heavyweight technology stocks, which followed the performance of U.S. megacap growth shares overnight.\" class=\"wp-image-14018\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Nikkei on the rise, trading at 40419.15 on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>On Wall Street, stock indexes closed higher on Tuesday, with contributions from Tesla and other megacap growth stocks. However, trading volumes were light ahead of the July 4 holiday and the anticipated release of June nonfarm payrolls on Friday.<br><br><strong>Also read: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/apple-and-tesla-boost-stocks-in-pre-holiday-trading\/\">Apple and Tesla boost stocks in pre-holiday trading<\/a><\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Topix sees gains as investors rotate into cheaper stocks<\/strong><\/h1>\n\n\n\n<p>The broader Topix index saw a modest increase of 0.13%, rising to 2,860.26, and is poised to log its fourth straight session of gains. Investors showed a rotation in their targets, selling outperforming shares to take profits and buying cheaper stocks.<br><br>The Topix&#8217;s growth stock index rose by 0.46%, while the value share index slipped by 0.34%. Among the top performers, chip-making equipment maker Tokyo Electron surged by 2.48%, and chip-testing equipment maker Advantest gained 1.64%. Electronic components maker TDK jumped by 3.99%, and silicon wafer maker Shin-Etsu Chemical climbed by 2.4%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Topix dragged down by Hitachi, Toyota, Tokio Marine, and Mitsubishi UFJ<\/strong><\/h2>\n\n\n\n<p>Conversely, conglomerate Hitachi weighed down the Topix the most, slipping by 2.08%. Toyota Motor also saw a decline, falling by 0.9%. Insurer Tokio Marine Holdings dropped by 1.56%, and banking group Mitsubishi UFJ Financial Group slipped by 0.5%.<\/p>\n\n\n\n<p>In the <a href=\"https:\/\/x.com\/business\/status\/1808048229944021397\">Tokyo Stock Exchange&#8217;s prime market<\/a>, out of more than 1,600 stocks trading, 50% rose, 45% fell, and 3% remained unchanged.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Japan stocks climb, pushing the Topix closer to a record high <a href=\"https:\/\/t.co\/MQZ6UAjhNq\">https:\/\/t.co\/MQZ6UAjhNq<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1808048229944021397?ref_src=twsrc%5Etfw\">July 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The rise in Japan&#8217;s Nikkei, spurred by the performance of <a href=\"https:\/\/www.vtmarkets.com\/analysis\/dow-jones-outperforms-as-tech-stocks-slump-alongside-broad-market-selloff\/\">technology stocks<\/a>, indicates a positive sentiment tracking the U.S. market. Investors are focusing on growth stocks, reflecting confidence in continued gains in this sector.&nbsp;<\/p>\n\n\n\n<p>However, the mixed performance of other sectors, such as conglomerates and automotive, suggests a cautious outlook. As the market anticipates key economic data, including the June nonfarm payrolls, traders remain vigilant.<\/p>\n\n\n\n<p><strong>Start trading now \u2014 click <\/strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\"><strong>here<\/strong><\/a><strong> to create your live VT Markets account.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[31,37,33],"class_list":["post-14017","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-indices","tag-nikkei","tag-stocks"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/14017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=14017"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/14017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=14017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=14017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=14017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}