Japan Stocks Surge Over 3% on Tech Rally After Micron's Strong Earnings

Japan's Nikkei stock index surged more than 3% in Thursday morning trade, marking a sharp gain led by technology shares. The rally followed U.S. tech giant Micron Technology Inc.'s earnings report that exceeded expectations, alongside a slight decline in crude oil futures.

Investors in Tokyo showed optimism after Micron, one of the world's leading memory chipmakers, posted strong results. The positive outcome was seen as a boon for the broader tech sector, especially amid rising demand for chips and artificial intelligence.

Additionally, falling crude oil futures helped support market sentiment, easing concerns about energy cost inflation. Analysts said the combination of robust tech earnings and lower oil prices created a bright trading session for Japanese equities.