Japan’s Topix Index Surpasses 3,000 for First Time

Japan’s Topix index surpassed the psychological 3,000 mark for the first time today, buoyed by clarity on US tariffs and a string of strong earnings reports.

Automakers’ shares rose, with Toyota up 3.5%. SoftBank Group, a technology investor focused on artificial intelligence, surged more than 10% after the group returned to profitability in the first quarter.

“There was a flurry of positive news at an unexpected time,” said Mutsumi Kagawa, an analyst at Marine Strategies. “With stock prices rising, there was a fear of missing out, and it’s likely that there were many recent buys.”