TOKYO, June 30 (Reuters) - Japanese shares ended higher on
Tuesday, as positive economic data from the United States and
China helped to end the quarter on a strong note and as
investors pinned hopes on stimulus.
The benchmark Nikkei average .N225 advanced 1.33% to
22,288.14. The benchmark gained 17.82% for the quarter.
Meanwhile, the broader Topix .TOPX climbed 0.62% to
1,558.77, both rebounding from the lowest close touched in the
previous session.
The Tokyo markets got an early boost tracking overnight
gains in Wall Street, as investors hoped for a stimulus-backed
economic rebound and after U.S. home sales data showed a quick
recovery in housing market activity last month. However, risk sentiment was weighed down by concerns over
Sino-U.S. tensions after China's parliament passed the national
security legislation for Hong Kong on Tuesday. All but six of 33 sector sub-indexes on the Tokyo exchange
traded higher on Tuesday, with highly cyclical iron and steel
.ISTEL.T and airlines .IAIRL.T leading advances.
The yen JPY= softened against the dollar to 107.76,
providing a tailwind for Japan's automaker stocks, with Honda
Motor Co Ltd 7267.T climbing 1.74% and Nissan Motor Co Ltd
7201.T adding 1.14%.
Shares of Tokyo-listed aircraft components makers tracked
U.S. peers higher, after a 14% surge in Boeing Co's stock BA.N
after the company began its certification flight testing of a
737 MAX. Jamco Corp 7408.T jumped 4.62%, while Toray
Industries Inc 3402.T advanced 2.55%.
Sentiment in global markets was lifted after data on China's
vast factory sector showed activity quickened last month,
defying expectations for a modest slowdown. However, export
orders remained weak, suggesting the economy is still battling
with uncertainties amid an economic recovery.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Japan shares end firmer as upbeat U.S. economic data lifts sentiment
Published 30/06/2020, 08:41
Japan shares end firmer as upbeat U.S. economic data lifts sentiment
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.