Japan stock market finished session sharply higher on Monday, 05 June 2023, with the benchmark Nikkei225 index reaching 33-year peak, as risk sentiments underpinned by Wall Street rallies on a bumper US jobs report and a deal in Congress to avert a debt default.
The rally on the market also supported by purchases by foreign investors due to factors including expectations of recovery in Japan's domestic demand and expectations that the Bank of Japan will keep its monetary easing policies for the time being.
The 225-issue Nikkei Stock Average index surged 693.21 points, or 2.2%, to finish at 32,217.43 The broader Topix index of all First Section issues on the Tokyo Stock Exchange increased 37.09 points, or 1.7%, to 2,219.79.
Total 32 of 33 TOPIX sectors advanced, with Machinery, Marine Transportation, Textiles & Apparels, Mining, and Iron & Steel issues being notable gainers.
CURRENCY NEWS: The dollar fetched 140.21 yen in Asian trade, against 139.97 yen in New York late Friday.
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