On Monday, the Nikkei 225 Index climbed 0.84%, closing at 40,487 and recording a 6.64% increase for June, marking its most robust monthly gain since February 2024. This advancement propelled the benchmark to its highest point in 11 months, in alignment with a global stock market surge influenced by Wall Street, where leading US indices reached unprecedented highs due to diminishing tariff worries and heightened expectations for significant interest rate reductions by the Federal Reserve. Despite the prevailing optimistic sentiment, trade disputes between Japan and the US persist without resolution. A critical issue remains the 25% US tariff on Japanese car imports, which continues to hinder negotiations without any clear progress. Meanwhile, Japan’s industrial production figures for May did not meet expectations, yet investor optimism remained undeterred. Technology shares spearheaded the market’s growth, with notable gains from companies such as Disco (+1.4%), Advantest (+0.5%), Tokyo Electron (+0.3%), SoftBank Group (+3.8%), and Metaplanet (+10.5%).
The material has been provided by InstaForex Company – www.instaforex.com
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