Home / Market Update / Global Stock Market / Nikkei rises in the footsteps of US stocks and the rise of auto companies

Nikkei rises in the footsteps of US stocks and the rise of auto companies

Japanese stocks closed higher on Tuesday, following in the footsteps of US stocks that rose on Monday night, with auto and shipping stocks leading the gains and the market-leading with dividend claims.

The Nikkei index rose 1.1 percent to 28,252.42 points.

The broader Topix index rose 0.93 percent to 191.66 points.

The auto and shipping sectors led the gains, with the two sub-indexes rising 2.08 percent and 1.82 percent, respectively.

On the other hand, refiners’ shares fell to become the biggest loser on Tuesday, dropping 1.69 percent.

Ineos Holdings fell 2.06 percent and Idemitsu lost 1.4 percent.

Check Also

U.S. Stock Futures Plunge as China Tariffs Trigger Fears of Global Recession

U.S. stock index futures fell sharply on Friday, deepening losses after China announced sweeping tariffs …