The Japanese market ended the trading session Monday, the first day of the trading week, in positive territory on optimism about global economy led by positive cues from Wall Street on Friday, where the Labor Department revealed that the economy lost fewer jobs than expected in August, easing fears of a double-dip recession in the world's largest economy. Positive trading across other markets in the region also lifted market sentiment.
The benchmark Nikkei 225 Index advanced 187.19 points, or 2.05%, to 9,301 while the broader Topix index of all First Section issues gained 15.01 points, or 1.82%, to 839.
Light sweet crude oil futures for October delivery ended at $74.36 a barrel in electronic trading, down $0.24 per barrel from previous close at $74.60 a barrel in New York on Friday.
Exporters led the gains in the market as concerns about global economic recession eased considerably and the local currency managed to remain above the 84-yen mark for the day, awaiting the outcome of the two-day policy meeting of the Bank of Japan that started today. Canon Inc. advanced 1.55%, Sony Corp. rose 1.81%, Sharp Corp. climbed 2.32%, Panasonic Corp. gained 1.81%, Kyocera Corp. surged up 3.88% and Pioneer Corp. was up 5.12%.
Machinery related stocks also surged higher on optimism about global recovery. Fanuc Ltd climbed 2.99%, Tokyo Electron surged up 3.87%, TDK Corp. gained 3.12%, Denso Corp. rose 3.23% and Mitsubishi Corp. was up 3.68%.
Automotive stocks also advanced on optimism about US economy. Toyota Motor Corp. advanced 1.58%, Honda Motor Co. added 1.10%, Suzuki Motor climbed 1.54%, Nissan Motor Co, gained 2.10%, Mazda Motor Corp. surged up 3.74% and Isuzu Motors increased by 1.38%.
Shipping stocks also ended in positive territory. Mitsui OSK Lines soared 3.48%, Nippon Yusen climbed 2.71% and Kawasaki Kisen Kaisha rose 4.41%.
In the U.S., stocks rallied to their best closing levels in three weeks ahead of the Labor Day weekend on Friday, as a softer than forecast drop in August jobs helped to alleviate some fears of a double-dip recession. Nonetheless, the day's buying may have been held back by a worse than expected reading on service sector activity. The major averages edged higher going into the close, ending the day near their highs for the session. The Dow jumped by 127.83 points or 1.2% to end at 10,448, the Nasdaq advanced by 33.74 points or 1.5% to 2,234 and the S&P 500 surged up 14.41 points or 1.3% to 1,104.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.