Nikkei 225 Surges Past 60,000 as Oil Prices Drop

The Nikkei 225 rose 2.57 percent to 60,288.56 on Tuesday, November 10, 2026, led by strong performance in the technology and financial sectors. SoftBank Group saw its shares surge more than 11 percent during the rally. The jump followed positive momentum from Wall Street, where the Nasdaq and S&P 500 climbed 2.7 percent and 2.4 percent, respectively.

Global energy markets also shifted as crude oil prices fell 3.58 percent to $87.58 per barrel. This decline occurred after U.S. President Donald Trump downplayed the likelihood of new strikes on Iran, which eased investor concerns regarding potential supply disruptions.

Domestic economic indicators in Japan presented a mixed outlook. The government reported a 6.8 percent year-on-year drop in household spending for September 2026, marking the steepest decline since September 2020. Conversely, bank lending showed growth of 5.2 percent in October.