Nikkei rebounds amid tech earnings
Japanese stock indices rose today, Tuesday, after a week of the largest sell-off in over a year, as the market partially recovers from a sharp decline of 6.4% earlier in the week. The Nikkei 225 index increased by 3.26%, closing at 66,232.19 points, while the broader Topix index rose by 2.44% to reach 4,014.95 points. Investors are currently focusing on the earnings reports of major technology and artificial intelligence companies such as Alphabet, Tesla, and Intel, which are expected to see profits rise by 133% in the second quarter compared to the same period last year, amid global market volatility caused by escalations in the US-Iran conflict and rising oil prices.
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