The Nikkei 225 Index surged 1.2% to above 37,400, while the broader Topix Index also gained 1.2% to 2,748 on Monday, with both benchmarks reaching their highest levels in over a week amid a broad market advance.
Japanese shares mirrored a relief rally on Wall Street from Friday, as investors continued to assess evolving trade policies and broader economic uncertainties in the US. Market sentiment also received a boost after China unveiled a special action plan over the weekend, introducing measures to increase wages and stabilize stock and real estate markets.
Leading the gains were index heavyweights, including Mitsubishi Heavy (+6.6%), Mitsubishi UFJ (+1.3%), IHI Corp (+3.9%), Tokyo Electron (+2.2%), and SoftBank Group (+1.7%). In corporate news, the European Commission approved a joint venture between Toyota Motor and Chinese firms Minmetals and Meiwa aimed at advancing lithium-ion battery recycling.
Source : Trading Economics
