Japanese shares rebound

Updated 24 Jun, 2020

TOKYO: Japanese stocks bounced back to end firmer on Tuesday after a brief market volatility following confusing statements from the White House on the US-China trade deal.

The benchmark Nikkei share average ended 0.50% higher at 22,549.05.

The market initially tracked overnight gains in Wall Street's three major indexes, with a boost from technology stocks as investors focused on the potential for more government stimulus measures.

The broader market Topix gained 0.51% to 1,587.14, with nearly three-fourth of 33 sector sub-indexes on the Tokyo trading higher.

Automotive parts manufacturer led the advancers on the Tokyo Stock Exchange's sub-indexes, gaining 1.36%, after domestic media reported on Monday that the Chinese government said it would include hybrid vehicles under new green-car category.

Car electronics and electrical parts maker Denso Corp added 4.16%.

Oriental Land Co Ltd, which had shut down its Disney theme parks in response to the coronavirus, rallied 3.24% after the company said it will reopen Tokyo Disneyland and DisneySea next month.

Elsewhere, Fujitsu Ltd added 2.77% after the company-backed supercomputer, the Fugaku, took the top spot among the world's most powerful computers.

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