The Tokyo Stock Exchange climbed pending stimulus


The Tokyo Stock Exchange climbed pending stimulus

TOKYO (Reuters) – The Tokyo Stock Exchange ended Tuesday up 2.46%, continuing the steady from the previous day after the announcement of new stimulus measures to come to Japan, that helped weaken the yen and benefited financial and export stocks. The Nikkei, also supported by the records listed on Wall Street gained 386.83 points 16,095.65 and the Topix, broader, took 29.94 point (2.38%) to 1,285.73.

The Nikkei is thus almost returned to the level that it had before the storm that hit world markets on June 24 after the UK vote in favor of leaving the European Union.
Despite the continuing uncertainty over the consequences of this Brexit, the willingness of the Japanese government to take further measures to address the activity and inflation has aroused the appetite for risk in Japan since the victory of the ruling coalition Sunday senatorial elections.

Financial stocks were the most dynamic Tuesday with gains of 3.59% to 6.92% Nomura Holdings, Daiwa Securities, Mitsubishi UFJ Financial Group and Mizuho Financial Group.
Exporters benefited from a weaker yen, the dollar is back above 103 yen. Toyota (T: 7203) and Honda took 2.7% while Panasonic (T: 6752) rose 3.52%.

The action Nintendo jumped 12.73%, continuing the dramatic surge in recent sessions, due to the success of its new Pokemon game for GO smartphones. The video game group saw its stock blaze of almost 60% in four sessions.
(Shinichi Saoshiro and Ayai Tomisawa; Veronique Tison and Bertrand Boucey for the French service)