The Nikkei 225 Index rose 1.27% to close at 48,278 while the broader Topix Index added 0.62% to 3,203 on Thursday, extending gains from the previous session as investors navigated political uncertainty in Japan, while a strong earnings season kept the momentum in stocks.
The ruling Liberal Democratic Party proposed holding a vote for a new prime minister on Oct. 21, though opposition parties have yet to agree on the date, keeping the outlook for LDP's Sanae Takaichi unclear. Sentiment was also lifted by a solid start to the earnings season, bolstered by expectations of US rate cuts and sustained demand for artificial intelligence.
Technology stocks led the charge, with strong performances from SoftBank Group (8.6%), Disco (2.5%) and Tokyo Electron (4.1%). Other index heavyweights also advanced, including Mitsubishi Heavy Industries (3.5%), Fujikura (4%) and Tokyo Electric Power (5.1%).
Source: Trading Economi
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