Economy Country January 23, 2025

Nikkei Index Rises with SoftBank and Tech Stocks

The Japanese Nikkei index rose on Thursday, boosted by gains in SoftBank Group and tech companies, following the trend of American counterparts for the second consecutive session.


Nikkei Index Rises with SoftBank and Tech Stocks

On Thursday, the Nikkei index in Japan rose thanks to the increase in SoftBank Group stocks and technology companies, repeating the same success of American stocks on the second consecutive day.

SoftBank Group stocks increased by 2.1% after the company announced a profit increase in the first quarter. Other technology companies also demonstrated positive dynamics.

"The market follows the positive trends established on American exchanges, and as long as the growth of the technology sector supports the index at a high level," noted the analyst.