Japan's Nikkei rallies on Wall Street gains

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Japan's Nikkei rallies on Wall Street gains

, Reuters - 8:21 PM ET 3/16/2025 default

TOKYO, March 17 (Reuters) - Japan's Nikkei share average rallied amid widespread gains on Monday as investor sentiment got a boost from a sharp rise in U.S. stocks at the end of last week.

The Nikkei rose 1% to 37,413.28 as of 0010 GMT, while the broader Topix was up 1.1%.

All three major U.S. stock indexes posted solid gains on Friday as investors hunted for bargains at the end of a tumultuous week, with recently battered tech-related megacaps enjoying a strong comeback.

Japan's heavyweight semiconductor-related stocks followed their U.S. peers higher on Monday, giving the heftiest lift to the overall index.

Among major stocks, AI-focused startup investor SoftBank Group, Uniqlo parent Fast Retailing ( FRCOF ), and chip-related shares Tokyo Electron ( TOELF ) and Advantest ( ADTTF ) all gained. Auto giant Toyota Motor ( TM ) also climbed. (Reporting by Brigid Riley; Editing by Tom Hogue)

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