Space startup iQPS surges 21%; defense stocks & banks lose steam; Wall Street pauses for Nvidia earnings - Wed 28 May 2025

Nikkei 225 Summary
Space startup iQPS surges 21%; defense stocks & banks lose steam; Wall Street pauses for Nvidia earnings - Wed 28 May 2025

Defense stocks & banks pull back slightly as the rally from 37,000 takes a pause despite strong gains on Wall Street overnight.

The star performer today, space startup iQPS (2,249 yen +400 +21.63%) surged +21.63% as investors take notice of its recent successful satellite launch of the "Sea God - Wadatsumi-I" from New Zealand.

Institute for Q-shu Pioneers of Space, Inc. (iQPS 5595), is a pioneering space startup founded in 2005 by two Emeritus Professors from Kyushu University and a rocket developer with the mission of establishing a space industry in Japan’s Kyushu region. 

Meanwhile, Wall Street pauses cautiously, hoping all the best for Nvidia's earnings call after market closes today. 

Nikkei225  37,722.40 (-1.71 -0.00%) 121 up 102 down 2 flat

JGB 10YR   1.519% (+0.056)            

USD/JPY    145.00 (+0.68 +0.47%)


 


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