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Tokyo Stock Exchange recovers and opens to gain more than 5%

Poy opening bell, Tokyo’s main index, the Nikkei, surged by 5.36%, reaching 32,805.46 points, while the Topix index climbed 5.1% to 2,405.43 points.

Investors reacted positively to information from the White House indicating ongoing bilateral negotiations regarding tariff issues. This fostered some optimism in the Japanese market, following a mixed closing in Wall Street.

Among the most traded companies at the opening were automobile manufacturer Toyota and technology and entertainment multinational Sony, with increases of 8.33% and 6.67%, respectively.

The Nikkei index represents the unweighted average of the top 225 stocks on the Tokyo Stock Exchange, whereas the Topix index comprises the stocks of the 1,600 largest listed companies.

In the Seoul Stock Exchange, the Kospi index gained 2.21% shortly after opening. Meanwhile, the Sydney stock exchange saw a more modest increase of 0.92% at the start of trading.

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