Japan's Nikkei rebounds from near 8-month low, tracks Wall Street higher

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Japan's Nikkei rebounds from near 8-month low, tracks Wall Street higher

, Reuters - 8:31 PM ET 3/31/2025 US Markets

TOKYO, April 1 (Reuters) - Japan's Nikkei share average rose on Tuesday, bouncing back from a near eight-month low hit in the previous session, as overnight gains in Wall Street lifted investor sentiment.

As of 0016, the Nikkei index was up 1% at 35,987.44.

The index closed lower on Monday as investors assessed the risk of imminent U.S. trade tariffs.

The broader Topix rose 1.34% to 2,693.07.

The S&P 500 rose 0.5% and the Dow Jones Industrial Average gained 1% overnight, temporarily shaking off the uncertainty around U.S. President Donald Trump's upcoming tariff plans, which are expected to be outlined in greater detail on Wednesday.

Uniqlo-brand owner Fast Retailing ( FRCOF ) rose 2.1% to give the biggest boost to the Nikkei. Shares of technology investor SoftBank Group rose 0.6%.

So far, 203 stocks of the Nikkei's 225 components were trading in the green.

(Reporting by Junko Fujita; Editing by Sherry Jacob-Phillips)

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