Tokyo (EFE) fears of a global banking crisis.
The Nikkei, which brings together the 225 most representative titles in the market, closed with a rise of 1.93% or 520.94, to 27,466.61 integers.
The Topix, which includes the firms in the main section, those with the largest capitalization, advanced 1.74% or 33.63 points, to 1,962.93 units.
Tokyo opened higher after a festive day and encouraged by the good results on Wall Street the day before and by partly dissipating concerns about a global banking crisis after the recent bankruptcy of the US banks Silicon Valley Bank (SVB) and Signature Bank and the takeover of the Swiss Credit Suisse by UBS.
Yellen’s Reassurance Message
The US Treasury Secretary, Janet Yellen, assured on Tuesday that the country’s authorities are willing to guarantee the deposits of other banks that are in trouble, as it did with the two previously mentioned, intervened by the Government two weeks ago, which helped allay the concern.
In the main sector, all categories gained ground except those related to air transport.
Major Japanese banks performed well after heavy losses in previous weeks: Mizuho rose 2.27%; Mitsubishi UFJ, 3.08%, and Sumitomo Mitsui, 2.03%.
Among the largest-cap stocks, tech giant Softbank closed up 2.80%, while global auto leader Toyota Motor rose 1.92%.
In the main section, 1,704 stocks rose compared to 111 that fell and 20 that closed unchanged.
The trading volume amounted to 2.93 trillion yen (20,589 million euros).