The major indices in Japan closed slightly higher.
(Photo: AP)
Tokyo Japanese stock markets closed higher on Monday on quiet trading, helped by Wall Street’s strength ahead of Christmas. The biggest winners were the technology and energy companies. On the other hand, securities from banks and insurers fell and weighed on the market. Numerous stock exchanges remained closed due to the Christmas holidays.
The Nikkei Index, which comprises 225 stocks, closed 0.65 percent up at 26,405 points. The broader Topix index gained 0.24 percent to close at 1,902 points. “Japanese stocks rose as US stocks rallied late last week,” said Shuji Hosoi, an analyst at Daiwa Securities. “But trading is very quiet as most participants in the US and Europe are away on vacation.”
Heavyweight Fast Retailing, owner of the Uniqlo brand, rose 2.0 percent. Chip making equipment maker Tokyo Electron gained 2.22 percent. Air conditioning maker Daikin Industries rose 1.39 percent.
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