The Japanese market extended gains for the second successive day and ended Thursday's trading session in positive territory, lifted by smart gains on Wall Street in the previous session, lifted by better-than-expected manufacturing survey results that helped soothe concerns about double dip recession or stalling of growth in the world's largest economy. Signs of local currency stabilizing in the low 84s arresting further strength and positive trading across other markets in the neighborhood also lifted market sentiment.
The benchmark Nikkei 225 Index rose 135.82 points, or 1.5%, to 9063 while the broader Topix index of all First Section issues gained 8.02 points, or 1.0%, to 819.
On the economic front, a statement released by the Bank of Japan revealed that the monetary base in the country rose 5.4% year-over-year in August, standing at 98.399 trillion yen, following a 6.1% annual increase in July. The report further noted that on seasonally adjusted basis, the monetary base shed 4.2% on year to 99.474 trillion yen in August.
Light sweet crude oil futures for October delivery ended at $73.82 a barrel in electronic trading, down $0.09 per barrel from previous close at $73.91 a barrel in New York on Wednesday.
As many as 31 of the 33 sectors in the market ended in positive territory on optimism that global economic recovery will be sustained and the chances of either stalling recovery or double-dip recession look bleak.
Machinery stocks and exporters led the gains on optimism about global economic recovery. Kyocera Corp. climbed 3.30%, Fanuc Ltd advanced 1.20%, TDK Corp. rose 2.48%, Denso Corp. was up 3.04%, Sony Corp. added 2.19%, Canon Inc. gained 1.15%, Advantest Corp. increased 1.51% and Panasonic Corp. edged up 0.37%.
Mixed trading was witnessed among automotive stocks. Honda Motor gained 1.85%, Mitsubishi Motors rose 1.89%, Suzuki Motor Corp. advanced 1.48%, Nissan Motor climbed 2.95% and Isuzu Motors was up 1.05%. However, Toyota Motor Corp. bucked the trend and ended in negative territory with a loss of 0.25%, and Mazda Motor declined 0.54%.
Shipping transport stocks ended in positive territory. Nippon Yusen added 0.91%, Mitsui OSK Lines climbed 2.81% and Kawasaki Kisen Kaisha advanced 0.95%.
In the U.S., stocks saw substantial gains to open the traditionally downward trending month of September on Wednesday, as data showing a pickup in manufacturing activity in both the U.S. and China recharged some hopes of a continued economic recovery. The rally was further fueled by a better than expected reading on resource-linked Australian GDP. The major averages saw further upside in late-session dealing, ending near their best levels of the day. The Dow shot up by 254.75 points or 2.5% to 10,269, the Nasdaq surged by 62.81 points or 3% to 2,177 and the S&P 500 advanced by 30.96 points or 3% to 1,080.
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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.