Chip companies and automakers drive Nikkei

The stock exchange in Japan closed with a big profit on Tuesday. In the absence of direction from the United States, where financial markets remained closed on Monday due to Martin Luther King Day, investors went on bargain hunting after recent losses. The other important stock market indicators in the Asian region also showed considerable pluses, due to the hope of a solid economic recovery from the coronacrisis.

The main index in Tokyo, the Nikkei 225, went 1.4 percent higher the day at 28,633.46 points. The chip service provider Rohm increased more than 4 percent thanks to a positive analyst report from Nomura Securities. Other chip companies such as TDK, Tokyo Electron and Nidec were also in the elevator. The Japanese automakers Nissan and Mazda were also among the strongest increases with profits of up to 5 percent. Fast Retailing thickness 3 percent to. According to local media, the owner of clothing chain Uniqlo adds a payment function to his app.

In Hong Kong, where distance control measures were extended due to the increase in the number of coronavirus cases, the Hang Seng index received over 2% in the meantime. The index thus reached its highest level in 20 months due to a strong demand for equity from mainland Chinese investors. Especially the Chinese technology companies were in demand.

The Kospi in Seoul was 2.5 percent under the leadership of the South Korean automaker Hyundai Motor, which increased by 7 percent in value. The Shanghai stock market was lagging behind with a minus of 0.7 percent.