The Nikkei appreciated 1.37% to 23.178.1 points while the broad Topix index gained 1.13% to 1.630.72 points.
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The Tokyo Stock Exchange chained up its sixth consecutive session on Monday, buoyed by optimism from the New York Stock Exchange before the weekend and the pleasant surprise of employment figures in the United States in May.
The Nikkei index, which includes the 225 main Japanese stocks, appreciated by 1.37% to 23,178.1 points while the widened Topix index gained 1.13% to 1,630.72 points.
Friday the New York Stock Exchange, whose orientation at the close generally sets the tone for the next session in Tokyo, had been galvanized by the surprise drop in the unemployment rate in May in the United States, down to 13.3% when the most pessimistic analysts saw it approaching 20%.
This immediately brought water to the mill for investors betting on a rapid recovery of the world’s largest economy after containment against the coronavirus.
“Japanese stocks are benefiting from the sharp rise in the American market and the depreciation of the yen” against the dollar, a favorable exchange movement for Japanese export stocks, commented the chief strategist of Okasan Online Securities Yoshihiro Ito.
In addition, the Nikkei returned to above 23,000 points on Monday for the first time since the end of February, and crossing this symbolic milestone should also have “a positive psychological effect” on investors, said Ito in a statement. note.
On the side of values
Almost all of the sectors represented on the Nikkei finished in the green, notably financial stocks, oil and gas groups, real estate and new technologies.
OPEC + OILERS
Japanese oil groups have made significant progress thanks to the decision on Saturday of members of the Organization of the Petroleum Exporting Countries and their allies (OPEC +) to extend in July their historic reduction in black gold production to which they have been committed since May 1 to support oil prices.
At the close the title Idemitsu Kosan took 2.96% to 2.469 yen, that of JXTG Holdings rose 2.74% to 428 yen while that of Inpex Corp gained 5.09% to 805 yen.
On the currency and oil side
The Japanese currency rose very slightly against the dollar around 06:25 GMT, at the rate of one dollar for 109.54 yen against 109.59 yen on Friday at 21:00 GMT. The yen, however, fell sharply against the greenback on Friday after US employment figures.
The yen also climbed a bit against the euro, which traded for 123.58 yen against 123.74 yen late last week.
The euro weakened very slightly against the dollar, at one euro for 1.1283 dollars against 1.1292 dollars on Friday at 9:00 p.m. GMT.
The oil market was in good shape in Asia on Monday, but without racing, after the prolongation of production cuts decided by OPEC +. Around 6:40 GMT the price of a barrel of American WTI crude rose 0.43% to 39.72 dollars, while that of a barrel of Brent North Sea rose 0.71% to 42.60 dollars.
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