Home / Market Update / Global Stock Market / Japanese Stocks Recover Thanks to Confidence in Growth
Japan
Japan

Japanese Stocks Recover Thanks to Confidence in Growth

Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits.

The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points.

The two indices achieved their biggest gain in three weeks after falling for three consecutive sessions, approaching an eight-week low on Friday.

Japan shares followed Wall Street’s strong close on Friday. The three major indices of US stocks recorded a record high closing levels at the end of last week, led by shares of the financial sector and other sectors related to the economy.

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …