Japan Shares Jump After Falling Two Days

Japanese stocks jumped Thursday, April 22 as investors snapped stocks linked to chips and the economic cycle after a two-day decline in all sectors, while sentiment was supported by a positive close on Wall Street last night.

The two main indices rose to the highest level in more than seven weeks, as the Nikkei index jumped 2.38% to close at 29188.17 points, while the broader Topix index increased 1.82% to 1922.50 points.

Fears about an economic slowdown in light of preparations to take new measures to counter the spread of the virus caused Nikkei to retreat by about 4% and TOPIX about 3.5% over the past two days.