The Nikkei 225 index rose by 2.1%, with automobile and bank stocks leading the gains.

date
13/05/2025
With the expectation of improved trade relations, the Japanese stock market rose. The Nikkei Index rose 2.1% to 38,446.70 points. The significant weakening of the yen also boosted the overall market. Automobile and bank stocks led the gains. Toyota Motor rose 4.3% and Mitsubishi UFJ Financial Group rose 5.0%. Japanese pharmaceutical stocks rebounded today after a sharp decline yesterday, with Daiichi Sankyo's stock price rising by 7.6% and Chugai Pharmaceutical's stock price rising by 4.8%. The dollar against the yen was at 148.11 yen, higher than the 146.03 yen at the close of the Tokyo stock market on Monday. The focus of the market is on corporate earnings, with International Electrical scheduled to announce its performance later today.