Overview
- The Nikkei 225 closed up ¥705.28 at 64,659.4 on Thursday, October 29, posting a sizable one-day gain that extended the index's recent rise.
- Buying was led by semiconductor-related stocks after several chipmakers reported stronger-than-expected quarterly results, which traders cited as the main driver of the rally.
- U.S. markets provided support after the Federal Reserve left interest rates unchanged, with New York stocks rising for a third straight day and helping lift sentiment into Tokyo trade.
- Intraday Tokyo updates showed modest morning gains that built through the session, with earlier checkpoints reporting moves of around ¥177 and ¥385 before the larger end-of-day advance.
- The move highlights how corporate earnings and cross-border flows interact in earnings season, and it could encourage more capital into Japanese tech names while keeping attention on upcoming results and U.S. policy signals.