Japanese stocks rose at the close, Thursday, tracking the strong closing on Wall Street in the evening, while positive data from a study conducted in South Africa on the mutation-mutated Omicron boosted airline stocks.
The Nikkei index jumped 0.83 percent to close at 28,798.37 points, recording a rise for the third consecutive session. The broader Topix index rose 0.91 percent to 1989.43 points.
Stocks rose on Wall Street in the evening, supported by strong economic data and a study conducted in South Africa indicating a lower odds of hospitalization and serious symptoms in people with the mutant Omicron of the Corona virus compared to the mutant Delta.
In Japan, the airline sector index rose 2.24 percent on hopes of continuing travel despite the discovery of the first local infection with the mutant omicron.
Commodity-related stocks rose, supported by the increase in oil prices. The gas and coal exploration companies sector index rose 2.28 percent, while the trading companies sector index rose 1.54 percent.
Tokyo Fudosan Holdings Inc jumped 4.4 percent to lead gains on the Nikkei index, after the property developer agreed to sell interior decorating chain Tokyo Hands.
The pharmaceutical sector index fell 0.48 percent, affected by a 9.06 percent drop in Esai shares.
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