At closing bell, the 225-issue Nikkei Stock Average advanced 582.01 points, or 2.09%, to 28,406.84. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 4.56 points, or 0.24%, to 1,878.86.
Total 30 sub-indexes of the 33 sector sub-indexes on the Tokyo exchange traded higher, with Iron & Steel, Insurance, Nonferrous Metals, Mining, Precision Instruments, Services, and Marine Transportation sectors being notable gainers, while Electric Power & Gas and Pulp & Paper sectors were notable losers.
ECONOMIC NEWS: Japan GDP Contracts 5.1% In Q1 -Japan's gross domestic product shrunk an annualized 5.1% in the first quarter of 2021, the Cabinet Office said in Tuesday's preliminary report, following the downwardly revised 11.6% increase in the previous three months (originally 11.7%). On a quarterly basis, GDP sank 1.3%, following the 2.8% increase in the three months prior.
CURRENCY NEWS: The US dollar eased to around 109.00 yen in Tokyo trading on Tuesday. At 5 p.m., the dollar stood at 108.97 yen, down from 109.24 yen on Monday. The euro was at 132.96 yen, up from 132.58 yen.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
