June 3, Tokyo (Xinhua) — Monday saw higher closing prices for Tokyo equities, which followed overnight advances in the US stock market as investor morale improved.
The 225-issue Nikkei Stock Average, Japan’s benchmark Nikkei stock index, closed the day at 38,923.03, up 435.13 points, or 1.13 percent, from Friday.
In contrast, the larger Topix index concluded at 2,798.07, up 25.58 points, or 0.92 percent.
Traders observed that despite waning worries over ongoing inflation, the U.S. stock market saw the Dow Jones Industrial Average recover after four days of losses with the biggest one-day rise in almost a year.
Though certain semiconductor-related companies underperformed and speculation about possible policy changes by the Bank of Japan weighed on the market, Tokyo experienced minimal gains throughout the whole trading day, according to local experts.
A decline in car stocks, including Toyota, in the afternoon brought more gloom to investor mood as it was revealed that some vehicle certificates had been improperly obtained.
Insurance, maritime transportation, and securities houses were the top gainers on the Prime Market.
58 issues finished the day unchanged, while issues that advanced outnumbered those that sank by 1,025 to 563.
