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Japanese stocks gain amid U.S. bond support
Japanese stocks rose today thanks to American measures aimed at supporting the stability of the bond market, which boosted investor confidence and increased demand for high-risk assets. The Nikkei index gained 1.36%, closing at 66,217 points, while the broader Topix index increased by 1.18% to reach 4,060 points. Sumitomo Metal led the gains with an increase of 10.76%, followed by Sumitomo Pharma with an 8.48% rise, and Kansai Electric Power, which soared by 8.37%, marking its biggest daily gain since August 2024. Conversely, shares of Ozuora Bank fell by 3.11%, and Nippon Steel declined by 2.20%.
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