Tokyo Stocks Rally on Robust Technology Gains
(MENAFN) Tokyo’s stock market climbed higher on Tuesday, propelled mainly by leading technology companies, supported by strong overnight gains in U.S. markets and a softer yen against the dollar.
The key Nikkei 225 index finished at 38,536.74, marking an increase of 225.41 points or 0.59% from the previous session’s close.
Still, the rally faced headwinds due to ongoing uncertainties surrounding trade talks between Japan and the United States. Following a meeting with U.S. President Donald Trump at the G7 Summit in Canada, Japan’s Prime Minister Shigeru Ishiba noted that “differences in perceptions remained,” which tempered investor enthusiasm.
Meanwhile, the broader Topix index also advanced, adding 9.82 points or 0.35% to reach 2,786.95.
On the Tokyo Stock Exchange Prime Market, winners outpaced losers, with 955 stocks gaining, 593 falling, and 79 remaining flat.
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