After losing more than 3% over the whole of the past week, the flagship Nikkei index rose 0.58% to 25,307.85 points. The broader Topix index took him up 0.71% to 1,812.28 points.
The Tokyo Stock Exchange recovered on Monday following the new heavy losses of the past week, relieved in particular by the fall in oil prices and the weakening of the yen, positive for exporting companies.
After losing more than 3% over the whole of the past week, the flagship Nikkei index rose 0.58% to 25,307.85 points.
The extended Topix index gained 0.71% to 1,812.28 points.
The Tokyo market is still focused on the war in Ukraine, where fighting continues to rage, but a new round of talks between Kyiv and Moscow is scheduled for Monday, and both sides have reported diplomatic progress.
Investors are also preparing to watch Wednesday for a rate hike from the US Federal Reserve (Fed), which will have to play tight to calm inflation in the United States without stifling economic growth.
“As economic and wage growth in Japan is slower than in the United States, the Bank of Japan will be less eager to tighten monetary policy than the Fed, and the yen might fall further, although the government does not would not encourage” movement beyond 120 yen to the dollar, commented John Vail of Nikko Asset Management, quoted by the Bloomberg agency.
In Hong Kong, the Hang Seng index was on the contrary down sharply (-4.3% around 06:40 GMT), weighed down by concerns over Beijing’s takeover of the technology sector and the confinement of the large city of Shenzhen. , the technological center of the country.
On the side of values
DENSO: Japanese automotive supplier Denso (+0.04% to 6,806 yen), which several media reported on Sunday that it had been hit by a cyberattack in Germany last week, confirmed to AFP a “non-access -cleared” to its systems in that country on March 10, which it said caused “no disruption” to its production operations.
Denso is a crucial partner of Toyota (+2.87% to 1,914 yen), which last month had to suspend all its automotive production in Japan for an entire day because of a previous cyberattack that targeted another of its suppliers.
On the side of oil and currencies
Oil prices fell: following 06:30 GMT, the price of a barrel of American WTI fell by 2.93% to 106.13 dollars and that of a barrel of Brent from the North Sea lost 2.67% to 109.66 dollars.
The yen continued to depreciate once morest the dollar, at the rate of one dollar for 117.79 yen around 06:40 GMT once morest 117.29 yen on Friday at 21:00 GMT.
The Japanese currency also lost ground once morest the euro, which was worth 128.62 yen once morest 128.00 yen at the end of last week.
The euro was trading for $1.0920, once morest $1.0912 on Friday at 9:00 p.m. GMT.
