Japan shares end firmer as upbeat U.S. economic data lifts sentiment

  • Reuters
  • Stock Market News
Japan shares end firmer as upbeat U.S. economic data lifts sentiment
Credit: © Reuters.

TOKYO, June 30 (Reuters) - Japanese shares ended higher on Tuesday, as positive economic data from the United States and China helped to end the quarter on a strong note and as investors pinned hopes on stimulus.

The benchmark Nikkei average .N225 advanced 1.33% to 22,288.14. The benchmark gained 17.82% for the quarter.

Meanwhile, the broader Topix .TOPX climbed 0.62% to 1,558.77, both rebounding from the lowest close touched in the previous session.

The Tokyo markets got an early boost tracking overnight gains in Wall Street, as investors hoped for a stimulus-backed economic rebound and after U.S. home sales data showed a quick recovery in housing market activity last month. risk sentiment was weighed down by concerns over Sino-U.S. tensions after China's parliament passed the national security legislation for Hong Kong on Tuesday. but six of 33 sector sub-indexes on the Tokyo exchange traded higher on Tuesday, with highly cyclical iron and steel .ISTEL.T and airlines .IAIRL.T leading advances.

The yen JPY= softened against the dollar to 107.76, providing a tailwind for Japan's automaker stocks, with Honda Motor Co Ltd 7267.T climbing 1.74% and Nissan Motor Co Ltd 7201.T adding 1.14%.

Shares of Tokyo-listed aircraft components makers tracked U.S. peers higher, after a 14% surge in Boeing (NYSE: BA ) Co's stock BA.N after the company began its certification flight testing of a 737 MAX. Jamco Corp 7408.T jumped 4.62%, while Toray Industries Inc 3402.T advanced 2.55%.

Sentiment in global markets was lifted after data on China's vast factory sector showed activity quickened last month, defying expectations for a modest slowdown. However, export orders remained weak, suggesting the economy is still battling with uncertainties amid an economic recovery.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search