Japanese stocks rose on Monday, erasing early losses, led by technology stocks and drugmakers as US futures rallied on hopes that lawmakers would soon pass a major economic stimulus to revive growth in the world’s largest economy.<\/p>\n\n\n\n
The Nikkei index on the Tokyo Stock Exchange gained 0.67% to 28,822.29 points, after dropping 0.2% earlier, while the broader Topix index rose 0.29% to 1862 points.<\/p>\n\n\n\n
Asian stocks also rose, as it beat expectations to approve a $1.9 trillion fiscal stimulus plan to contribute to the revival of the US economy, over concerns about the rise in COVID-19 infections and the delay in vaccine supplies.<\/p>\n\n\n\n
Lawmakers from both the Democratic and Republican parties said they agreed that getting the Covid-19 vaccine to Americans should be a priority, but some Republicans are opposing this generous package just a month after Congress passed $900 billion in financial aid measures.<\/p>\n\n\n\n
Technology shares advanced in Japan, while Toshiba shares jumped 16.88% after the Tokyo Stock Exchange agreed on Friday to return the electronics and infrastructure group to the first section of the stock exchange.<\/p>\n\n\n\n
Alps Alpine Electronic Components jumped 6.12%, to become the biggest winner on the Nikkei index, and camera maker Nikon rose 5.17%.<\/p>\n\n\n\n
The shares of pharmaceutical companies rose due to renewed hopes to distribute vaccines for Covid-19. And the pharmaceutical industry’s Takeda shares added 3.54% after Japan’s largest drugmaker announced last week that it had begun a study of the country’s coronavirus vaccine Moderna.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese stocks rose on Monday, erasing early losses, led by technology stocks and drugmakers as US futures rallied on hopes that lawmakers would soon pass a major economic stimulus to revive growth in the world’s largest economy. The Nikkei index on the Tokyo Stock Exchange gained 0.67% to 28,822.29 points, after dropping 0.2% earlier, while …<\/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-40424","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\/40424","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=40424"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40424\/revisions"}],"predecessor-version":[{"id":40425,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40424\/revisions\/40425"}],"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=40424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}