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

Adel 29 March, 2022 12:46 pm Global Stock Market, Market Update

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.

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