Japanese stocks rose for a fifth day as concerns over the US financial sector ease and as US Secretary of State Antony Blinken plans to visit China.
The Topix Index rose 0.4% to 2,245.28 as of 9:02 a.m. Tokyo time, while the Nikkei advanced 0.4% to 32,643.90.
Toyota Motor Corp. contributed the most to the Topix Index gain, increasing 0.8%. Out of 2,157 stocks in the index, 1,598 rose and 339 fell, while 220 were unchanged.
"The market is returning from an excessive state of anxiety, with no new bankruptcies of financial institutions in the US after the previous month of heightened financial instability," said Mitsushige Akino, senior executive officer at Ichiyoshi Asset Management.
Source : Bloomberg
