Global Markets: Japan's Nikkei rallies after steep decline as focus turns to tech results

Japan's benchmark Nikkei 225 rallied 3.26% to close at 66,232.19, recovering part of its 6.4% plunge from the previous week, while the broader Topix climbed 2.44% to 4,014.95. The rebound was supported by cues from South Korea's tech-heavy Kospi index, even as Wall Street edged lower due to US-Iran tensions pushing oil prices higher. Investor focus has now shifted to upcoming second-quarter earnings from AI bellwethers including Alphabet, Tesla and Intel, with S&P 500 semiconductor earnings forecast to rise 133% year-on-year.