Japanese stocks opened the Wednesday trading action with powerful surges, tech majors lead the charge after their U.S. counterparts did well overnight. The Nikkei Stock Average rallied 0.9% to 14,444.92, with the broader Topix jumping 0.5%, as Sony Corp. recorded a 1.2% gain, Tokyo Electron Ltd. rose 3.5%, and Advantest Corp. bolstered 2.3%. Shares of Sharp Corp. developed 2.4%, supported by reports that its April-September operating profit will come in well above estimates. And despite retreats for most utilities, Chubu Electric Power Co. traded 2% higher after narrowing its loss forecast for the current fiscal year.
