Data: Wall Street rebound boosts Japanese stocks, Nikkei 225 Index rises 2%

According to Golden Ten Data, the Nikkei 225 index rebounded by 2% after a significant drop in the previous trading session. A strong close on Wall Street restored risk appetite and boosted investor sentiment. Kioxia rose 8%, SoftBank gained 3%, and Tokyo Electron increased by 1.38%. Among the more than 1,600 stocks traded on the main market of the Tokyo Stock Exchange, 67% rose, 26% fell, and 5% remained unchanged. The US stock market rebounded on Wednesday as concerns over overvalued tech stocks eased, and optimistic corporate earnings along with better-than-expected economic data boosted investors' risk appetite.