Japan's Nikkei Index Rises Strongly at the Close of Tuesday's Trading

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

Among the top performing stocks were Furukawa Electric Co., which surged 15.3%, Murata Mfg Co., which climbed 10.1%, and Fujikura Ltd., which jumped 9.9%.

The Nikkei index itself rose by 0.83%.

On the other hand, Trend Micro Inc. was the biggest loser, falling 13.8%.

Nikkei

Regarding the Nikkei index analysis, the index continued its upward trend, reaching 57,932 points. Based on current price action, the index is likely to continue its upward trajectory, as we previously noted in our weekly analysis video.

Generally, the indicator remains a buy signal on any dips, and the new demand zones that have formed around the 54800 level are considered strong buying areas. It is preferable to focus on buying if any price action appears that supports buying on lower timeframes and to avoid any selling activity.