Japan's Nikkei Index Rises Strongly at the End of Asian Trading

Japanese stocks closed strongly higher on Monday, with the Nikkei index leading the gains across several sectors. The banking and real estate sectors were among the top performers.

Among the leading stocks that saw significant gains were Rohm Ltd, which rose 14.2%, SUMCO Corp, which climbed 11.4%, and Kioxia Holdings Corp, which surged 9.2%.

The Nikkei index itself rose 1.54%.

On the other hand, J.Front Retailing Co. was the biggest loser, falling 3.9%.

The Nikkei

The Nikkei index continued its upward trend, reaching 69,943 points after rebounding from support levels.

The index is still expected to continue its upward trend, and any correction or decline will present a good opportunity to re-enter the market and buy.

The best buying zones for the index currently are the demand zones near the 65218 level, and a test of this level is expected to lead to a renewed upward movement.