The Nikkei 225 Index jumped 1.11% to close at 38,475 while the broader Topix Index gained 0.76% to 2,664 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities. Sentiment also improved after Japan extended its trading hours by 30 minutes from Tuesday to encourage more stock market activity, the first such move in 70 years.
Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal Reserve rate decision. Technology stocks led the charge, with strong gains from Disco (4%), Lasertec (2%), Advantest (1.8%) and Tokyo Electron (2%). In corporate news, Sanrio Co surged 12.8% after Jefferies upgraded its price target for the Japanese entertainment company from 4,500 yen to 5,000 yen.
Source: Trading Economics
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