The Nikkei ended up 2.76%
The Nikkei closed up 2.76% Thursday in favor of upbeat earnings outlooks from State Street, bodes well before the season results, especially as investors consider too the recent decline in spot Tokyo.
The Nikkei gained 256.09 points to 9,535.74 points and the broader TOPIX, took 19.51 points (2.32%) to 861.02 points.
State Street, one of the largest institutional investors in the world, announced that its second quarter results would exceed expectations.
This ad has supported the Japanese banking sector.Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group jumped 3.38%, respectively, to 428 yen, and 2.96%, to 2,679 yen.
The optimism generated by prospects of State Street on the quality of the upcoming earnings season has also benefited the exporters.
The semiconductor equipment supplier Tokyo Electron, the specialist digital cameras Canon, the manufacturer of semiconductor Advantest, and automaker Honda Motor have thus gained between 3.3 and 6.03%.
- The Nikkei ended up 0.77%
- The Tokyo Stock Exchange ended down 0.52%, hurt by the yen
- The Tokyo Stock Exchange ended up 0.38%
- The CAC 40 opens above a suspended ceiling important
- Wall Street ends slightly higher
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