Nikkei Climbs After Trump’s Positive Health Report
The Japanese stock market started the new trading week with a substantial profit on Monday. Investors were relieved to the news that US President Donald Trump may already be allowed to leave the hospital on Monday.
Trump was hospitalized on Friday after being infected with the coronavirus. The other important stock market indicators in the Asian region also showed substantial gains.
The main index in Tokyo, the Nikkei 225, ended 1.2 percent in the plus at 23,312.14 points, eliminating Friday’s loss. The Japanese railway companies were incredibly popular after the recent heavy losses.
West Japan Railway, Central Japan Railway and East Japan Railway rose to 5.8 percent, in part thanks to a government campaign to promote domestic tourism. Insurers also did a profitable business.
Dai-ichi Life Holdings and Sompo Holdings have a thickness of up to 4.7 percent. NEC won 2.5 percent. The Japanese technology group acquires the Swiss software company Avaloq Group for 2.2 billion dollars.
In Hong Kong, where investors returned after a short holiday period, the Hang Seng index posted an interim gain of 1.5 percent. In Shanghai, the exchange is still closed due to the celebration of the Golden Week holiday season in China.
The Kospi in Seoul rose 1.4 percent. The Australian All Ordinaries in Sydney gained 2.6 percent, led by oil producers, who benefited from a recovery in oil prices.