Tokyo equities extended their rebound on Wednesday, with the Nikkei 225 closing up 348 yen, or roughly 0.9%, at 38,885.15. The finish marked the benchmark’s highest level in about four months and its third consecutive session of gains. A softer yen, which continued to drift lower against the dollar amid safe-haven demand, underpinned buying in export-oriented stocks. Traders also pointed to easing concerns over Mideast tensions and sustained futures purchases by overseas investors as additional support for the broader market. Nintendo led the advance after its shares jumped to a record high. The rally—its strongest in two months—has added about US$39 billion to the game maker’s market value this year, buoyed by optimism over robust early sales of its next-generation Switch 2 console. The Nikkei had already risen 255.60 yen to 38,791.80 by the midday break, building on a 225-yen gain in the previous session before momentum strengthened in afternoon trade.