Tokyo
Tokyo’s stock market experienced a positive trend on Tuesday, with the key index climbing for the fourth consecutive day, fueled by overnight gains on Wall Street and a weaker yen.
The benchmark Nikkei stock index, known as the 225-issue Nikkei Stock Average, increased by 0.77 percent, gaining 304.75 points to close at 39,910.55. During the trading session, the Nikkei briefly surpassed the 40,000 mark, a milestone not seen in nearly three months, since July 19.
This upward movement was supported by a rise in US stocks during Japan’s holiday and a depreciation of the yen against the US dollar, which enhanced risk appetite among international investors, according to sources.
However, despite the brief surge past the 40,000 level, some investors chose to sell shares to secure their profits, limiting further gains.
The broader Tokyo Stock Price Index (TOPIX) also saw a rebound, closing up 17.37 points, or 0.64 percent, at 2,723.57. Among the stocks listed on the Prime Market, 1,203 rose, while 386 declined, and 56 remained unchanged.
