The Japanese stock market is sharply higher on Monday, snapping a four-session losing streak, following the mixed cues from Wall Street on Friday. The Nikkei 225 is moving above the 58,850 level, with gains across most sectors led by financial and technology stocks.
The benchmark Nikkei 225 Index is up 1,450.06 points or 2.52 percent at 58,884.83, after touching a high of 59,007.39 earlier. Japanese shares ended sharply lower on Friday.
Market heavyweight SoftBank Group is declining almost 5 percent, while Uniqlo operator Fast Retailing is advancing almost 3 percent. Among automakers, Honda is gaining almost 3 percent and Toyota is advancing almost 4 percent.
In the tech space, Advantest is gaining almost 3 percent, Tokyo Electron is jumping almost 5 percent and Screen Holdings is surging almost 5 percent.
In the banking sector, Sumitomo Mitsui Financial is advancing more than 4 percent, Mizuho Financial is jumping more than 5 percent and Mitsubishi UFJ Financial is surging almost 5 percent.
The major exporters are mostly higher. Mitsubishi Electric is surging almost 5 percent, Panasonic is advancing more than 3 percent, Sony is gaining almost 3 percent and Canon is adding more tha...