Japan’s Nikkei 225 Rises 1.44% as Key Sectors Drive Market Optimism
Tokyo's stock market closed higher on Friday, with the Nikkei 225 gaining 1.44% amid broad-based advances. Sumitomo Metal Mining surged 9.13%, reaching a three-year high, while Panasonic Corp and Toray Industries hit five-year and three-year peaks, respectively.
Real estate and banking sectors led the rally, reflecting stable economic conditions and robust corporate earnings. The advance-decline ratio showed overwhelming optimism, with 2,656 stocks gaining ground against fewer decliners.
Commodity markets presented a mixed picture - crude oil prices edged upward while Gold futures remained stagnant. The sustained upward trajectory in Japanese equities signals growing institutional confidence in the region's economic fundamentals.