Japan share market has recovered slightly from yesterday's heavy losses on Wednesday, 15 March 2023, on tracking relief rally on Wall Street overnight as largely on-target inflation data and waning fears over contagion in the banking sector cooled investors' nerves.
The 225-issue Nikkei Stock Average index advanced 7.44 points, or 0.03%, to finish at 27,229.48. The broader Topix index of all First Section issues on the Tokyo Stock Exchange climbed up 12.58 points, or 0.65%, to 1,960.12.
Shares of banks rallied with Mitsubishi UFJ Financial Group climbing 4.68% to 861.5 yen, Mizuho Financial Group rising 2.01% to 1,904.5 yen and Sumitomo Mitsui Financial Group adding 3.05% to 5,400 yen.
CURRENCY NEWS: The U.S. dollar traded in the upper 134 yen level around late afternoon on Wednesday. The dollar fetched 134.99 yen compared with 134.22 yen in Tokyo on Tuesday.
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