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Japanese Equities Rise on Tech Boost Amid Geopolitical Tensions

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Japanese stocks climbed at Thursday's opening, tracking overnight gains in U.S. tech stocks following megacap results.

The Nikkei 225 rose 305.4 points or 0.5% to 66,421.01.

Alphabet's cloud division delivered revenue well above projections, with its contracted business backlog surging beyond $500 billion. In contrast, Tesla posted quarterly earnings that missed analyst forecasts.

Alphabet fueled sentiment by raising its annual capex forecast to as high as $205 billion, driven by surging AI infrastructure demand, according to various reports.

Meanwhile, crude prices extended gains for a fifth session after Houthi attacks on Saudi tankers in the Red Sea heightened fears of supply disruptions.

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