Nikkei Index Jumps 2.2%, Led by Electronics and Financial Stocks

Deep News
02/03

Japanese stocks advanced broadly, buoyed by robust signs from U.S. factory activity and a weaker yen. The Nikkei Index climbed 2.2% to close at 53,808.67 points. Gains were spearheaded by electronics and financial shares. Kioxia Holdings surged by 11%, while Japan Post Bank rose 4.6%. The U.S. dollar was trading at 155.48 yen, up from 154.81 yen at the close of trading in Tokyo on Monday. Investors are closely monitoring quarterly earnings, with Denso and Mitsui & Co. scheduled to report their financial results later on Tuesday.

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