Japanese stocks closed higher, after falling for two consecutive sessions, as investors held decliners, while carmakers and semiconductor stocks led the rally.<\/p>\n\n\n\n
The Nikkei index rose 1.39% to 28,633.46 points, while the broader Topix index rose 0.56% to 1,855.84 points.<\/p>\n\n\n\n
Sentiment was boosted after Chinese data released on Monday raised hopes that the strength of the world’s second largest economy would support growth in the region.<\/p>\n\n\n\n
The Chinese economy’s recovery beat analysts’ expectations in the fourth quarter, with the economy growing 6.5% year on year, according to data from the National Bureau of Statistics.<\/p>\n\n\n\n
In Japan, chip-related shares advanced, with Rohm stocks jumping 4.51% after Nomura Securities raised its price target.<\/p>\n\n\n\n
TDK gained 2.76%, while Tokyo Electron gained 2.11% and Advantest gained 4.22%.<\/p>\n\n\n\n
Automakers also rose, with Mazda Motor jumping 5.5%, Nissan Motor gain 3.91%, and Suzuki Motor rising 3.89%. Toyota Motor added 0.94% and Honda Motor added 1.69%.<\/p>\n\n\n\n
Fast retailer rose 3.06% after a report that the operator of the Uniqlo clothing store chain would add payment functionality to its smartphone app.<\/p>\n\n\n\n
SoftBank Group led the gainers among the 30 main stocks on the Topix index, up 3%, followed by Hitachi, which rose 2.6%.<\/p>\n\n\n\n
Hoya Corp was the lowest-performing stock on the Topix 30, down 1.94%, followed by Seven and I Holdings, which lost 1.60%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks closed higher, after falling for two consecutive sessions, as investors held decliners, while carmakers and semiconductor stocks led the rally. The Nikkei index rose 1.39% to 28,633.46 points, while the broader Topix index rose 0.56% to 1,855.84 points. Sentiment was boosted after Chinese data released on Monday raised hopes that the strength of …<\/p>\n","protected":false},"author":9,"featured_media":40115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-40114","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40114"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40114\/revisions"}],"predecessor-version":[{"id":40116,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40114\/revisions\/40116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40115"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}