Xinhua
21 Jul 2021, 15:35 GMT+10
TOKYO, July 21 (Xinhua) -- Tokyo stocks closed higher Wednesday, breaking a five-day losing streak that saw the Nikkei index slip to a six-month low.
The 225-issue Nikkei Stock Average finished the day up 159.84 points, or 0.58 percent, from Tuesday at 27,548.00.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended 15.52 points, or 0.82 percent, higher at 1,904.41.
Gaining issues were led by transportation equipment, metal product and nonferrous metal issues.
Stocks were higher from the opening, as the Nikkei temporarily increased nearly 500 points in the morning after a five-day decline that saw the index fall over 1,300 points in total to its lowest level since Jan. 6, which was on fears that the speed of global economic recovery would be decreased by a spread of the highly contagious Delta COVID-19 variant.
The market's gains were cut down later in the day due to a lack of fresh trading cues before a four-day weekend in Japan as well as the beginning of the Tokyo Olympics.
"The market regained composure after overreacting to an increase in COVID-19 cases over the past few days," said Masashi Samizo, senior market analyst at SMBC Trust Bank.
Investors avoided large moves out of concern that global markets may fluctuate hugely during the four-day weekend in Japan, he added.
On the First Section, advancers outnumbered decliners 1,748 to 352, while 91 finished unchanged.
Air transportation issues dropped after the sector's fall over seven consecutive trading days, brokers said.
ANA Holdings went up 1.1 percent, and Japan Airlines increased 1.3 percent.
Export-related shares experienced an incentive after the yen dented against the U.S. dollar overnight. They attained further support as government data showed earlier in the day that Japan's exports in the first half of 2021 soared 23.2 percent from the previous year, logging the largest year-on-year growth in 11 years, brokers said.
Honda Motor rose 1.1 percent, and Mitsubishi Motors increased 1.1 percent, while electrical appliance manufacturer Sharp gained 1.1 percent.
Trading volume on the main section decreased to 937.25 million shares from Tuesday's 1,086.46 million shares.
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationPublicly, Beijing has presented itself as a neutral party in the war sparked by Russia's full-scale invasion of Ukraine, claiming it...
London [UK], July 11 (ANI): New UK package of support for Ukraine's immediate and longer-term needs was tabled at Ukraine Recovery...
Arrests of critics mount as authorities allege a wide-ranging plot to overthrow Prime Minister Nikol Pashinyans government An Armenian...
Patna (Bihar) [India], July 9 (ANI): RJD leader Tejashwi Yadav on Wednesday heavily criticised the Election Commission of India for...
Fazilka (Punjab) [India], July 9 (ANI): Two accused in the murder of Abohar businessman Sanjay Verma were killed in retaliatory police...
Patna (Bihar) [India], July 8 (ANI): Bihar ADG Kundan Krishnan on Tuesday informed that the shooter who was involved in the businessman...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
New Delhi [India], July 11 (ANI): Trade negotiations between the United States and China are moving slowly, raising the chances that...
(Photo credit: Brad Penner-Imagn Images) Anthony Volpe scored the tiebreaking run on a bases-loaded sacrifice fly by Aaron Judge...
(Photo credit: Jordan Johnson-Imagn Images) Pete Crow-Armstrong crushed a pair of home runs and right-hander Colin Rea handled the...
GUANGZHOU, July 10 (Xinhua) -- As global industries accelerate their transition toward intelligence and sustainability, China's innovative...
URUMQI, July 10 (Xinhua) -- A total of 24 journalists from 23 countries have participated in a media tour of northwest China's Xinjiang...