Skyrocketing Japanese Market Observed
In the world of finance, several significant movements were observed on Wednesday and Thursday across various global markets.
On Wall Street, stocks saw a further upside during trading on Wednesday, with the Dow Jones Industrial Average rising 147.16 points or 0.3 percent to 45,565.23. The S&P 500 also reached a new record closing high, creeping up 15.46 points or 0.2 percent to 6,481.40. The Nasdaq edged up 45.87 points or 0.2 percent at 21,590.14.
Across the Pacific, the Japanese market was trading higher on Thursday. The Nikkei 225 Index moved above the 42,650 level, up 174.83 points or 0.41 percent. Notable gains were seen in the tech sector, with Screen Holdings and Tokyo Electron gaining almost 1 percent each, and Uniqlo operator Fast Retailing edging up 0.1 percent.
In the automotive sector, among automakers, Toyota was edging up 0.2 percent, and Honda was up 0.5 percent. In the banking sector, Mizuho Financial was gaining 1.5 percent.
However, not all sectors were positive. Market heavyweight SoftBank Group was gaining almost 4 percent, but Nikon was losing more than 3 percent.
In Europe, the French CAC 40 Index climbed by 0.4 percent on Wednesday, while the German DAX Index fell by 0.4 percent. The U.K.'s FTSE 100 Index edged down by 0.1 percent on Wednesday.
Crude oil prices surged on Wednesday, with West Texas Intermediate crude for October delivery up $0.83 or 1.33 percent at $64.08 per barrel.
In corporate news, the current President and CEO of Canon Inc. in Japan is Jun Sugimoto, as of August 2025. Meanwhile, Sompo Holdings is surging almost 5 percent among the major gainers.
Thursday's trading in Japan saw the U.S. dollar trading in the lower 147 yen-range. The Nikkei 225 Index continued to perform well, with its upward trend indicating a positive start to the day.
