The Rise of Japanese Stocks – Al-Raya Newspaper

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Tokyo – Reuters:

Japanese stocks closed higher yesterday, as heavy domestic tech stocks were supported by a strong Nasdaq close last night, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains.

The Nikkei rose 0.67 percent to close at 28,553.98, while the Topix index rose 0.34 percent to 1919.52 points.

“Stocks rallied in the Japanese market after strong gains in the major US indices,” said Norihiro Fujito of Mitsubishi UFG Morgan Stanley Securities.

However, mainly the market is under pressure due to concerns about Japan’s slow handling of the pandemic, which has caused a large gap between sentiment in Japan compared to the United States and Europe.





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