Japanese Market Notably Higher

The Japanese stock market has shown a significant rise on Thursday, building on the positive momentum from the previous session, buoyed by a lack of activity in global markets due to the Christmas holiday. The Nikkei 225 index advanced past the 39,300 mark, driven by gains across most sectors, notably led by major index contributors and automotive stocks.

The Nikkei 225 Index increased by 212.50 points, or 0.54 percent, reaching 39,342.93, after hitting a peak of 39,358.60 earlier in the day. Japanese stocks had closed with moderate gains on Wednesday.

Leading the charge, market giant SoftBank Group has risen by over 1 percent, while Fast Retailing, the company behind Uniqlo, has nudged up by 0.1 percent. In the automotive industry, Toyota has surged nearly 4 percent, with Honda following closely with an almost 3 percent increase.

In the technology sector, Screen Holdings has edged down by 0.1 percent, whereas Tokyo Electron has seen a slight rise of 0.2 percent. Advantest remains steady.

Within the banking sector, both Mizuho Financial and Sumitomo Mitsui Financial have inched up by 0.1 percent each, while Mitsubishi UFJ Financial stayed unchanged.

Among the leading exporters, Canon has decreased by 0.2 percent, while Panasonic, Mitsubishi Electric, and Sony have each shown modest increases, ranging from 0.3 to 0.4 percent.

Highlighting the list of notable gainers, Mitsubishi Motors has climbed by nearly 4 percent, and Nissan Motor, Mazda Motor, and Denso have each gained around 3 percent.

Notably, there are no major losers in this session.

In foreign exchange markets, the U.S. dollar is trading in the lower 157 yen range on Thursday.

In the U.S., the stock markets remained closed for the Christmas holiday on Wednesday, after registering mostly positive results on Tuesday. Similarly, the major European markets were also closed on Wednesday for the holiday, following a generally positive close on Tuesday.

The material has been provided by InstaForex Company - www.instaforex.com
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