Foreign Markets

Japan share market finished higher for fourth straight session on Tuesday, 28 June 2022, as yen depreciation against greenback as well as strength in Chinese and other regional bourses encouraged investors to take risks.

At closing bell, the 225-issue Nikkei Stock Average advanced 178.20 points, or 0.66%, to 27,049.47. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 19.96 points, or 1.06%, to 1,907.38.

Shares of exporters gained, with Toyota rising 2.2% and Sony Group ending up 0.8%.

Energy stocks rallied after crude prices jumped nearly 1% in Asian trading. Inpex Corp. surged 4.9% and Japan Petroleum climbed 4.8%.

Tokyo Electric Power soared 7.2% as the government warned of tight power supply amid a heat wave in the Japanese capital.

CURRENCY NEWS: The Japanese yen moved around upper 135 range against greenback. At 5 p.m., the dollar stood at 135.73-77 yen, up from 135.07-07 yen at the same time Monday.

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