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Japanese Market Notably Higher

(RTTNews) - The Japanese stock market is notably higher on Tuesday despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday. Investor sentiment was boosted after the Japanese government on Monday lifted a nationwide state of emergency over the coronarivus.

News that U.S. biotech firm Novavax has commenced the first human trial of its experimental coronavirus vaccine also boosted sentiment.

The benchmark Nikkei 225 Index is adding 392.92 points or 1.89 percent to 21,134.57, after touching a high of 21,159.56 earlier. Japanese shares posted strong gains on Monday.

Market heavyweight SoftBank Group is rising more than 2 percent and Fast Retailing is gaining more than 4 percent.

The major exporters are mostly higher on a weaker yen. Panasonic is higher by almost 3 percent, Canon is advancing more than 1 percent and Mitsubishi Electric is adding almost 1 percent, while Sony is down 0.5 percent.
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