Japan Stocks Bounce Back as Tech Fears Ease on Strong Earnings

MT Newswires Live10-21

Japanese stocks rallied on Wednesday as strong earnings from top technology companies, including SpaceX and Super Micro Computer Inc., beat expectations and eased investor concerns over tech returns.

The benchmark Nikkei 225 closed up 545.82 points, or 0.9%, at 64,621.24.

Oil prices rose as investors weighed potential energy supply transit risks through the Strait of Hormuz amid escalating Middle East tensions.

On the corporate side, Ezaki Glico (TYO:2206) has completed a repurchase of 4.6 million shares amounting to about 24.9 billion yen, according to a Wednesday filing with the Tokyo Stock Exchange.

Also, Iyogin Holdings (TYO:5830) has completed the repurchase of about 3.9 million shares for nearly 15 billion yen, according to a Wednesday filing with the Tokyo Stock Exchange.

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