Japanese stocks are higher following a recovery in U.S. technology stocks overnight. Chip and metals stocks are leading gains. Tokyo Electronargv is up 4.3%, Soft Bank Group is 3.7% higher and JX Advanced Metals is up 4.1%. The dollar is at 163.15 yen, up from Y162.52 as of Tuesday’s Tokyo stock market close. Investors are closely watching developments in the手 Middle East as fighting between the U.S. and Iran has intensified in recent days. Any comments on the yen’s weakness from Japanese government officials are also in focus. The Nikkei Stock Average is up 1.3% at 67101.42.

The rally reflects a broader lift in tech and industrial shares, with U.S. market gains spilling over to Japan. The sharp move in the yen is a key factor, as a weaker currency lifts exporters. Market analysts note that the ongoing Middle East tensions add uncertainty, yet the domestic economic data remains solid. Investors are keeping a close eye on government statements about the yen, hoping for clarity on monetary policy.

Overall, the Nikkei’s ascent underscores the resilience of Japan’s equity market amid global geopolitical and economic pressures, with chip and metals sectors delivering the most robust performance.