Japanese stocks achieve their second daily rise, with the Nikkei reaching its highest level in 5 sessions.
Japanese stocks saw a significant rise at the close of trading on Tuesday, pushing the Nikkei 225 Index to its highest level in the past five sessions, driven by market optimism regarding the recovery of the Japanese economy.
In this context, official data released earlier today showed that the unemployment rate in Japan dropped to 2.4% in September, down from 2.5% recorded in August, reflecting an improvement in economic conditions in Japan, which bolstered investor sentiment for trading in the Japanese stock market.
The recovery of Japanese stocks also coincided with the rebound of American stocks, indicating a resurgence of investor confidence despite the political shifts in both countries. Additionally, technology sector stocks in Japan rallied alongside strong quarterly earnings from banks SoftBank and Profit.
With the closing of the Japanese stock market today, the Nikkei 225 Index recorded an increase of 298.30 points, finishing trading at 39,903.61 points, marking a rise of 0.77%.
Moreover, the Topix Index also rose at the close, reaching its highest level in six sessions at 2,682.02 points, reflecting an increase of approximately 0.91%.