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Nikkei 225 Up 1% on Tech, Energy Sector Gains

MT Newswires ·  {{timeTz}}

05 :48 AM EDT, 07/05/2022 (MT Newswires) -- The Nikkei 225 opened higher Tuesday and held onto ground, finishing up 1% as investors bought into energy stocks and beaten-down tech issues. The index had gained 0.8% on Monday.

The benchmark Nikkei 225 rose 269.66 to 26,423.47, as gaining issues outnumbered losers 150 to 67.

Leading the upside were Pacific Metals, (5541:TK), up 5.8%, followed by Fast Retailing (FRCOY, 9983:TK), up 4.3%, and then cyber-security outfit Trend Micro (TMICF, 4704:TK), up 4%.

On the downside were shipping lines Kawaski Kisen Kaisha (KAKKF, 9107:TK), off 3.8% and then Mitsui OSK (MSLOF, 9104:TK), off 2.8%.

In other news, the seasonally adjusted au Jibun Bank Japan Services Business Activity Index rose to 54.0 in June from 52.6 in May, reported S&P Global. Readings above 50 indicate a sector in expansion, while below points to contraction. Service providers noted the easing of anti-pandemic restrictions for the better outlook.

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