Japanese shares closed higher on Monday, tracking gains in global stock markets thanks to positive corporate results, but the gains were curbed by concerns about global Covid-19 cases that could weaken the country’s economic recovery further.
The Nikkei rose 1.77% in early trading after a four-day weekend that saw the opening of the Olympic Games, but gave up part of its gains to close 1.04% higher at 27833.29 points.
The broader Topix index closed up 1.11% to 1925.62 and had increased 1.74% earlier in the session. During the long weekend, the three major US indices closed at record levels.