At approximately 00:10 in Lisbon, the Nikkei index rose 1.64% to 50,104 points.
The broader Topix index increased by 1.45% to 3,316 points.
The Nikkei reflects the unweighted average of the 225 leading values on the Tokyo Stock Exchange, while the Topix index groups the values of the 1,600 largest listed companies.
The Tokyo stock market was influenced by the easing of trade tensions between the United States and China, following a “preliminary agreement” on a trade pact reached by delegations from both countries on Sunday after two days of talks in Kuala Lumpur.
Furthermore, several polls released today by local media recorded high popular approval ratings for the new conservative government led by Sanae Takaichi, who made history last Tuesday as the first woman to head the Japanese government, boosting the stock market gains.
The Japanese leader is set to meet U.S. President Donald Trump on Tuesday to discuss Japan-U.S. relations.
In a social media message on Saturday, Sanae Takaichi stated she had a “good and frank” phone conversation with the American leader and expressed determination to “elevate the Japan-U.S. alliance to even greater heights.”
Gains were widespread among the major companies of the Asian nation, with giants such as the automaker Toyota and bank Mitsubishi UFJ rising by 1.85% and 2.08%, respectively.
Semiconductor companies, such as Tokyo Electron (1.52%) and Advantest (4.74%), also benefited from investor optimism.
Additionally, electronics and entertainment giant Sony rose by 1.67%, while video game company Nintendo increased by 1.91%.
