Japanese Stocks Rise Following Wall Street
The Nikkei 225 index rose 0.18% to close at 39,160, while the broader Topix index gained 0.27% to 2,735 on Monday, recovering losses from the previous session and tracking gains on Wall Street at the end of last week. Investors also eyed revised Japanese third-quarter economic growth data, which indicated the country’s second straight quarter of expansion.
Business sentiment data later this week will be closely watched for further insight into the health of the economy. However, gains were capped by ongoing global political instability. Political crises in South Korea and France, as well as the collapse of Syrian President Bashar al-Assad’s regime, contributed to market uncertainty. Notable gains were seen in index heavyweights SoftBank Group (+2%), Fast Retailing (+1.9%), and Rakuten Group (+6.7%).
Source: Trading Economics
