Japan's Nikkei 225 Rises 1.71% on July 9 as Tech Stocks Rally Amid U.S. Weakness

According to Yonhapinfomax, Japan's Nikkei 225 index rose 1,144.04 points (1.71%) to 67,963.09 on July 9, recovering above the 67,000 level on the opening bell. The gains were driven by overnight strength in U.S. technology stocks, as Donald Trump signaled a de-escalation in tensions with Iran. The TOPIX index climbed 0.43% to 4,023.46. In the U.S., the Philadelphia Semiconductor Index surged 2.23%.

Japanese AI and semiconductor stocks extended the rally, with SoftBank Group (SBG) gaining nearly 2%, while Taiyoyuden and Ibiden climbed over 3% and 4% respectively. However, continued U.S.-Iran military tensions and rising oil prices may limit further upside; WTI crude oil for August delivery traded at $74.53 per barrel, up 1.37%.