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Foreign Market News

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(22 Apr 2024, 14:15)

Japan Nikkei rebounds on eased Middle East tensions


Japan stock market finished session significantly higher on Monday, 22 April 2024, snapping the four-session losing streak, as bargain buying spurred on recently battered stocks on calming fears over the Middle East situation, with shares in exporters and financial companies leading gains partially offset by weakness in technology stocks.

The 225-issue Nikkei Stock Average index added 370.26 points, or 1%, to finish at 37,438.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 36.14 points, 1.38%, to 2,662.48.

Total 31 of 33 TSE sectors closed higher, with Securities & Commodities Futures sector being top performer in percentage term, rising 2.6%, followed by Foods, Services, Banks, and Marine Transportation sectors.

Shares of export-rel...

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