Tokyo stocks rose 1% on Monday, with gains in electricity, gas, steel, and banks sectors amid a US tech stock downturn.
Tokyo stocks rose by 1% on Monday, with the Nikkei Stock Average closing at 37,438.61 and the Topix index increasing 1.38% to 2,662.46. Gains were seen in sectors such as electricity, gas, steel, and banks, while semiconductor-related stocks like Tokyo Electron and Advantest dropped due to losses in U.S. tech stocks. The market rebounded despite a downturn in U.S. high-tech stocks over the weekend.
April 22, 2024
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