The Nikkei 225 Index climbed 1% to above 36,000 while the broader Topix Index rallied 1.2% to 2,670 on Monday, extending last week's rally, with export-oriented companies leading the gains as the yen retreated from multi-month highs. A weaker yen boosts the profit outlook for Japan's export heavy industries and makes Japanese assets more attractive to foreign investors. Markets also kept a close eye on trade negotiations between the US and Japan, which appeared to be making progress. Industrial names posted strong gains, with Mitsubishi Heavy rising 3%, Toyota Industries up 2.3%, and Kawasaki Heavy adding 2%. Automakers also rallied, with Toyota Motor up 2.8%, Honda Motor gaining 1.8%, and Nissan Motor climbing 2.7%. Meanwhile, profit-taking weighed on technology stocks, with Advantest falling 1.7% and Lasertec sliding 2.1%.
Source: trading economi
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