Adding to the positive mood, the country and the US’s signing of a review of the “beef safeguard” mechanism under the U.
S.-Japan Trade Agreement.
In addition, buying was propelled by the depreciation of the yen to ranges below 130 against the dollar, prompting purchases of export-oriented stocks as the weak yen boosted their overseas earnings. when they are repatriated.
At the close, the 225-number Nikkei Stock Average was up 347.69 points, or 1.27%, at 27,761.57. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 6.75 points, or 0.35%, to 1,933.14.
In total, 21 of the 33 TOPIX sectors ended the session higher, mining (up 2.3%), precision instruments (up 1.5%), non-ferrous metals (up 1.4%) and petroleum and coal products (up 1.3%) had the highest percentage. earnings.
Exporter stocks gained on the back of a weaker yen, with Sony Group leading the gains on Topix, up 1.88%. Chip-making equipment maker Tokyo Electron gained 2.4% and tech start-up investor SoftBank Group climbed 2.2%.
Shares of Fast Retailing jumped after it said Uniqlo’s national same-store sales for May, including online sales, jumped 17.5% year-on-year.
CURRENCY NEWS: The dollar stood at 130.04 yen, against 130.15 yen in New York and 129.25 yen in Tokyo on Wednesday.
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