Japan’s Nikkei index closed higher for the third consecutive session on Tuesday, as optimism over the end of the lockdown imposed to combat COVID-19 in China, Japan’s main trading partner, outweighed the disappointing financial results.<\/p>\n\n\n\n
The Nikkei index witnessed volatile trading, before closing up 0.42 percent at 26,659.75 points, after declining for a short period in early trading, before rising with other regional markets after the opening of Chinese stocks on the rise.<\/p>\n\n\n\n
Energy stocks led the gains among the Nikkei sub-indices, which jumped 3.62 percent after crude oil prices rose overnight on expectations of a rebound in Chinese demand.<\/p>\n\n\n\n
The broader Topix index rose 0.19 percent to 1,866.71 points.<\/p>\n\n\n\n
Sentiment was boosted after Shanghai achieved the long-awaited achievement of three consecutive days of no new COVID-19 cases detected, which could lead to the start of lifting restrictions.<\/p>\n\n\n\n
Among the 225 stocks on the Nikkei index, 124 rose versus 97 declined, with four remaining stable.<\/p>\n\n\n\n
The biggest loser was Asahi Holdings, which fell 10.86 percent after reporting an 83 percent drop in quarterly operating profit. Shares of rival Kirin Holdings fell 4.25 percent.<\/p>\n\n\n\n
The advertising and advertising giant’s share, Dentsu Group, also fell, after disappointing financial results as well, as the stock lost 6.16 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index closed higher for the third consecutive session on Tuesday, as optimism over the end of the lockdown imposed to combat COVID-19 in China, Japan’s main trading partner, outweighed the disappointing financial results. The Nikkei index witnessed volatile trading, before closing up 0.42 percent at 26,659.75 points, after declining for a short period …<\/p>\n","protected":false},"author":9,"featured_media":33466,"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":[37,39,36],"tags":[6939,6851],"class_list":["post-65536","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-japan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65536","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=65536"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65536\/revisions"}],"predecessor-version":[{"id":65537,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65536\/revisions\/65537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}