Tokyo Stocks Bounce Back on Tuesday
(MENAFN) Tokyo’s stock market surged on Tuesday as investors engaged in broad-based buying aimed at technical recovery following a steep sell-off the day before.
The Nikkei 225 index closed at 42,310.49, rising 121.70 points, or 0.29%, compared to Monday’s session.
Sectors focused on value—such as trading houses, shipping, and steel—drove the gains, pushing the index up by more than 200 points during the day.
Despite the overall rebound, semiconductor stocks including Advantest lagged, weighed down by the prior day’s sharp decline, briefly pulling the index back into negative territory.
A softer yen versus the U.S. dollar supported gains in automobile shares. Within technology, Tokyo Electron and Fujikura advanced, while Disco and Lasertec slid, resulting in a mixed performance for the sector.
The broader Topix index added 18.69 points, or 0.61%, ending the session at 3,081.88.
On the Tokyo Stock Exchange Prime Market, there were 1,012 advancing issues, 555 decliners, and 51 unchanged.
The Nikkei 225 index closed at 42,310.49, rising 121.70 points, or 0.29%, compared to Monday’s session.
Sectors focused on value—such as trading houses, shipping, and steel—drove the gains, pushing the index up by more than 200 points during the day.
Despite the overall rebound, semiconductor stocks including Advantest lagged, weighed down by the prior day’s sharp decline, briefly pulling the index back into negative territory.
A softer yen versus the U.S. dollar supported gains in automobile shares. Within technology, Tokyo Electron and Fujikura advanced, while Disco and Lasertec slid, resulting in a mixed performance for the sector.
The broader Topix index added 18.69 points, or 0.61%, ending the session at 3,081.88.
On the Tokyo Stock Exchange Prime Market, there were 1,012 advancing issues, 555 decliners, and 51 unchanged.
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