Skyrocketing Japanese Market

The Nikkei 225 Index is currently trading significantly higher on Thursday, up 500.38 points or 1.19 percent, with the gains led by index heavyweights and technology stocks.

Fujikura is surging almost 6 percent, while Tokyo Electron is gaining almost 1 percent in the tech space. Advantest is advancing almost 4 percent, and SoftBank Group is gaining more than 4 percent. Mitsubishi Electric is gaining almost 2 percent among the major exporters, and Sony is gaining almost 3 percent among the same group.

In the banking sector, Sumitomo Mitsui Financial and Mitsubishi UFJ Financial are advancing more than 1 percent each, and Mizuho Financial is gaining almost 2 percent. Fast Retailing, the operator of Uniqlo, is advancing almost 3 percent.

The gains in the Nikkei 225 are not limited to Japan, as the S&P 500 climbed 32.72 points or 0.5 percent to 6,448.26, and the Dow posted a modest loss, edging down 24.58 points or 0.1 percent to 45,271.23. The S&P 500's gain was driven by sectors such as technology, communication services, and consumer discretionary.

The U.S. dollar is trading in the higher 148 yen-range on Thursday. West Texas Intermediate crude for October delivery was down $1.65 or 2.52 percent at $63.94 per barrel.

Elsewhere in Asia, the French CAC 40 Index advanced by 0.9 percent, the German DAX Index rose by 0.5 percent, and the U.K.'s FTSE 100 Index climbed by 0.7 percent.

However, not all Japanese stocks are experiencing gains. Canon is losing more than 1 percent, and no new information about Canon or Canon digital cameras was found. Toyota is gaining more than 1 percent, and Honda is edging up 0.5 percent.

Dowa Holdings, Tokyo Electric Power, TDK, Nippon Electric Glass, T&D Holdings, and Shimizu are all up almost 3 percent each. IHI, ZOZO, and Minebea Mitsumi are adding more than 3 percent each. Screen Holdings is adding more than 1 percent.

The Nikkei 225 Index has moved above the 42,400 level, reaching new heights in the Japanese market. Despite the overall positive trend, it's important to note that company-specific factors may cause individual stocks to perform differently, as seen with Canon's decline on Tuesday, despite most Japanese market indicators trading significantly higher.