At closing bell, the 225-issue Nikkei Stock Average advanced 528.23 points, or 1.89%, to 28,455.60. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 42.31 points, or 2.17%, to 1,989.86.
Total 32 of 33 Topix industry groups ended up, with top performing issues were Air Transportation (up 4.2%), Marine Transportation (up 4%), Metal Products (up 3.4%), Glass & Ceramics Products (up 3.4%), and Iron & Steel (up 3.4%) issues.
Shares of automakers gained, with Toyota Motor Corp up 1.9%, after it said it will build a new $1.29 billion automotive battery-manufacturing plant in North Carolina in the US, planning to start output in 2025. Honda Motor CO gained 2.2% and Nissan Motor Co added 3.5%.
Rakuten Group Inc shares was up 2.2% after Japan's Fair Trade Commission said it had ended a probe over a blanket free shipping policy, with the firm saying it had amended the rule.
ECONOMIC NEWS: Japan Household Spending Dips 0.6% On Year In October- Japan average of household spending was down 0.6% on year in October, the Ministry of Internal Affairs and Communications said on Tuesday, coming in at 281,996 yen and following the 1.9% annual drop in September. On a monthly basis, household spending improved 3.4%, down from 5% in the previous month.
CURRENCY NEWS: The Japanese yen traded at 113.62 per dollar, continuing to weaken since yesterday
Powered by Capital Market - Live News