Japanese Shares Rise as Banks Lift
The Nikkei 225 Index gained 0.2% to around 38,300, while the broader Topix Index advanced 0.3% to 2,700 on Tuesday, recovering some of the losses from the previous session, helped by gains in heavyweight bank stocks.
Japanese shares also took cues from a positive lead on Wall Street, where both the S&P 500 and Nasdaq Composite halted their recent declines.
In comments on Monday, Bank of Japan Governor Kazuo Ueda signaled that the central bank would raise interest rates gradually if the economy developed as expected, although he provided no specific timeline for future hikes.
Investors are now looking ahead to Japanese trade figures on Wednesday and inflation numbers on Friday for further insights. In the financial sector, Mitsubishi UFJ (+1%), Sumitomo Mitsui (+2.2%), and Mizuho Financial (+1.8%) led the gains. Auto and consumer stocks also posted advances, with Toyota Motor (+1.9%) and Nintendo (+1.8%) among the top performers.
Source: Trading Economics
