July 6, 2020

The Nikkei rises 2.2% at the break after Japan raised its health alert



The Nikkei, the main index of the Tokyo Stock Exchange, rose 2.2% in the break of the half session on Tuesday, after the mood of investors was favored by the end in Japan of the state of health emergency .

The Nikkei, which groups the 225 most representative stocks on the market, advanced 455.39 points, to 21,197.04 integers.

The Topix, which includes the firms in the first section, those with the largest capitalization, climbed 23.59 points, 1.57%, to 1,525.79 units.

The Tokyo parquet opened the session with force and during the first half hour of trading it crossed the psychological barrier of 21,000 points for the first time in about two months.

Investor appetite and expectations for the economic revival were fueled by Japan’s lifting of the coronavirus state of health emergency the day before, when Japan’s top pick was already up 1.73%.

Virtually all sectors reaped gains, which were led by air transport, real estate and land transport.

Telecommunications group Softbank accumulated the highest volume of operations in the middle session and rose 2.6%.

They were followed by the textile company Fast Retailing, owner of the Uniqlo clothing store chain, which advanced 4.5%; the airline Japain Airlines (JAL), which climbed 8.04%, and the technology Sony, which fell, where appropriate, 0.68%.

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