Japan's Nikkei index rises at the close of Tuesday's trading

Japanese stocks closed strongly higher on Tuesday, with gains across several sectors, particularly banking and real estate.

Among the top performing stocks were Tokio Marine Holdings, which surged 17.1%, Sumitomo Dainippon Pharma Co Ltd, which climbed 7.4%, and Sumitomo Metal Mining Co., which rose 5.5%.

The Nikkei index also rose, gaining 1.56%.

Regarding the leading stocks that declined, the most notable drop was in Nintendo Co Ltd shares, which fell by 4.8%.

Japanese Nikkei

As for the analysis of the Japanese Nikkei index, it continues its downward trend on the daily timeframe. Today, the index fell to levels of 51,632, and further declines are expected in the coming period unless it breaks through and closes above the 55,337 level. This level represents a strong daily supply zone, and a break above it could trigger a significant upward move.

If the index continues its decline, it is expected to target the demand zone around 49,512, which is considered a key nearby buying area for the index.