Japanese market surges almost 9 percent following positive cues from Wall Street

From Nasdaq: 2025-04-09 21:35:00

The Japanese market is trading sharply higher, up almost 9 percent, following positive cues from Wall Street. The Nikkei 225 is surging to well above the 34,400 level, with gains across all sectors, led by exporters and technology stocks. Market heavyweight SoftBank Group is up almost 12 percent, while automakers like Toyota and Honda are also posting significant gains. In the tech space, companies like Advantest and Tokyo Electron are soaring. Major exporters like Panasonic and Sony are also seeing strong gains. Meanwhile, on Wall Street, stocks saw a strong rebound after recent losses, with major averages posting their biggest one-day gains in years.

In the currency market, the U.S. dollar is trading in the higher 146 yen-range. On Wall Street, the Nasdaq soared by 12.2 percent, the S&P 500 spiked by 9.5 percent, and the Dow surged by 7.9 percent. Meanwhile, major European markets moved sharply lower, with crude oil prices showing a substantial turnaround throughout the day.



Read more at Nasdaq: Japanese Market Sharply Higher; Up 8.7%