Synopsis
The Nikkei index closed up 0.97 per cent at 28,362.17 points, with consumer goods, materials makers and real estate companies leading gains. The broader Topix rose 0.83 per cent to 1,844.91.
AP
There were 154 advancers on the Nikkei index, against 68 decliners.
TOKYO: Japanese stocks ended higher for a second consecutive session on Tuesday, recovering from last week s sharp sell-off, as growing optimism around domestic and U.S. corporate earnings boosted sentiment. The Nikkei index closed up 0.97 per cent at 28,362.17 points, with consumer goods, materials makers and real estate companies leading gains. The broader Topix rose 0.83 per cent to 1,844.91. Japanese stocks took their lead from an overnight jump in U.S. tech shares ahead of earnings from Amazon.com and Alphabet Inc later in the day.
Asian Shares Extend Gains On Vaccine Optimism
CANBERA (dpa-AFX) - Asian stocks ended mostly higher on Tuesday as concerns about volatile retail trading receded and investors pinned hopes that declining coronavirus cases and vaccine rollout will support near-term economic recovery. Optimism about talks regarding U.S. stimulus also boosted sentiment.
Chinese shares ended notably higher and short-term money rates eased to two-week lows as signs of liquidity tension in the interbank money markets started to fade. The benchmark Shanghai Composite index rose 28.40 points, or 0.81 percent, to 3,533.68, while Hong Kong s Hang Seng index ended up 355.84 points, or 1.23 percent, at 29,248.70.
Japanese shares extended gains from the previous session on optimism around U.S. stimulus plans and hopes for robust earnings. The Nikkei average ended up 271.12 points, or 0.97 percent, at 28,362.17 amid reports that the government will extend a state of emergency for Tokyo and surrounding cities for
Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped up beaten-down stocks, with automakers and semiconductor-related plays leading the rebound.
[TOKYO] Japanese stocks surged on Friday to close at a 30-year high as expectations of more US fiscal stimulus and rising bond yields set off a cascade of bets that global inflation will accelerate. Read more at The Business Times.