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  • Tokyo's benchmark Nikkei index gained more than one percent on Tuesday with investors encouraged by US rallies and the re-opening of Japan's economy following recent declines in coronavirus infections. The Nikkei 225 index rose 1.19 percent, or 263.22 points, to close at 22,325.61, while the broader Topix index advanced 1.21 percent, or 18.93 points, to 1,587.68. Tokyo stocks opened higher, taking a positive lead from Wall Street, where stocks gained ground on Monday, shrugging off unrest in many cities following anti-racism protests and worsening US-China tensions. The Tokyo market maintained buying sentiment during the day "as investors welcome the reopening of the economy", said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. "But players are cautious as stocks rose quite fast over the past few days," Horiuchi told AFP. Senior market analyst Toshiyuki Kanayama from Monex added: "The Japanese market is supported by rallies in US shares, but a sense of a short-term overheating could cap the upside." Higher US futures outweighed the negative factors of unrest on American streets and worsening US-China tensions over Hong Kong, analysts said. The dollar fetched 107.70 yen in Asian afternoon trade, against 107.58 yen in New York on Monday. In Tokyo, many blue-chip shares rallied, with Sony surging 2.29 percent to 7,133 yen and Toyota up 0.80 percent at 6,774 yen. Investment and telecom giant SoftBank Group jumped 3.32 percent to 5,185 yen, but Nintendo lost 0.87 percent to 44,070 yen. si/ric/fox
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  • Tokyo's Nikkei closes up more than one percent
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