StocksMedium•5 November 2026•
1 min read
Nikkei 225 Rises 0.7% Driven by Auto and Pharma Gains
Key Facts
1The Nikkei 225 index rose 0.7%, driven by gains in automobile and pharmaceutical stocks.
2The Democratic sweep in U.S. midterm elections boosted expectations for a quick resolution to the Iran conflict.
3Oil prices fell sharply overnight, supporting market sentiment in Japan.
The Nikkei 225 index rose 0.7%, driven by gains in automobile and pharmaceutical stocks. The Wall Street Journal reported that the Democratic sweep in the U.S. midterm elections boosted market expectations for a quick resolution to the Iran conflict, lifting investor sentiment in Tokyo.
A sharp overnight decline in oil prices further supported Japanese market sentiment by lowering energy costs for industrial sectors. This positive performance follows recent economic data showing industrial production grew by 2.2% in September, while the Bank of Japan (BoJ) maintained interest rates at 1.25% on October 30, 2026.