Japanese shares rise led by automakers
01/06/2022 03:57
TOKYO, June 1 (Reuters) - Japanese shares rose on Wednesday,
with automakers leading the rally after a positive report,
however caution ahead of the U.S. monthly non-farm payrolls
numbers due this week capped gains.
The Nikkei share average .N225 rose 0.71% to 27,472.49 by
the midday break, while the broader Topic .TOPX advanced 1.30%
to 1,937.61,
"For the Nikkei to cross its most recent high on April 21,
we need to see some catalysts that would ease investor
sentiment," said a strategist at a domestic brokerage, adding
that Wall Street's gain would also be needed.
The three major U.S. stock indexes closed lower overnight,
as volatile oil markets kept soaring inflation in focus and
investors reacted to hawkish comments from a Federal Reserve
official. .N
Toyota Motor 7203.T gained 3.56%, Nissan Motor 7201.T
climbed 5.83% and Honda Motor 7267.T advanced 3.14%, after
J.P. Morgan analysts said Japanese auto companies are likely to
post record profits this year. urn:newsml:reuters.com:*:nL4N2XN1S5
Auto and parts sector .ITEQP.T rose 3.33% and was the top
performer on the Tokyo Stock Exchange's 33 industry sub-indexes.
Mercari 4385.T jumped 8.27% after the fleamarket app
operator announced it will trade on the Tokyo Stock Exchange's
prime trading board from Tuesday. urn:newsml:reuters.com:*:nL4N2XO09V
Drugmaker Daiichi Sankyo 4568.T fell 3.74% and was the
worst performer on the Nikkei, followed by oil explorer Inpex
1605.T , which fell 3.28%.
There were 200 advancers on the Nikkei index, against 24
decliners.
The volume of shares traded on the Tokyo Stock Exchange's
main board was 0.63 billion, compared to the average of 1.31
billion in the past 30 days.
(Reporting by Junko Fujita; Editing by Shailesh Kuber)
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