After a disappointing trading just a day before Christmas Eve, the Japanese stock exchange in Tokyo rebounded to a slight rise. The leading Nikkei index firmed 0.65 percent on Monday. But trading was calm, given that it was the second Christmas holiday in Europe and the USA.
First sessions in the US and Europe
Trading on the Tokyo Stock Exchange gives hope that the first session after Christmas Eve in the US and Europe will be similarly optimistic. Tokyo’s main index, the Nikkei, firmed 0.65 percent on Monday, a solid result.
“Japanese stocks rose as U.S. stocks firmed at the end of last week. However, trading was very calm as most market participants from the US and Europe spent the Christmas holidays off-exchange,” said Shuji Hosoi, an analyst at Daiwa Securities.
Which stocks rose the most?
The biggest gains were recorded by titles such as Fast Retailing (2 percent), chipmaker Tokyo Electron (2.22) and air conditioner maker Daikin Industries (1.39). The mining segment also grew significantly, by an average of 2.5 percent. Within the sector, shares of crude oil processor Idemitsu Kosan firmed the most, by 2.81 percent.
