Japan Stocks Rise, Tracking Nasdaq, Drug Makers Shine

Japanese stocks closed higher on Tuesday, June 15th, as technology and growth-focused stocks were supported by a strong Nasdaq close overnight, while drugmakers extended their gains.

The Nikkei index jumped 0.96% to 29,441.30 points, its biggest gain since late May, while the broader Topix rose 0.8% to 1975.48 points, closing at its highest level since early April.

The market sentiment was boosted by hopes of a recovery in global trade and reopening the economy in the country, while investors awaited the US Federal Reserve’s two-day policy meeting scheduled to begin later today.