The Nikkei 225 index rose 0.8% to close at 38,513, while the broader Topix index gained 1.27% to 2,715 on Monday, reversing the previous session's decline, thanks to strong gains in technology and banking stocks. Meanwhile, data showed that Japanese companies increased capital spending in the third quarter, signaling resilience in corporate confidence and reinforcing expectations that the Bank of Japan will soon raise interest rates.
The top gainers in the technology and financial sectors were Disco (+1.8%), Advantest (+2.2%), Tokyo Electron (+1.4%), Mitsubishi UFJ (+1.9%) and Sumitomo Mitsui (+3.7%). In corporate news, shares of Fast Retailing, the owner of Uniqlo, fell 1.3% as the company faced calls for a consumer boycott in China after its CEO said the company did not source cotton from China's Xinjiang region, which has been accused of using forced labor in recent years.
Source: Trading Economics
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