Post: Japanese Stocks Rose Following Prime Minister’s Announcement of Resignation

Japanese stocks rose at the end of the trading session, after Japanese Prime Minister Fumio Kishida announced that he will not run for the upcoming presidential elections of his ruling party. The Tokyo Stock Exchange reported that the Nikkei 225 index, which includes 225 issues, closed at the end of the session up 0.58 percent, or 209.92 points, to reach 36,442.43 points, while the broader Topix index rose 1.11 percent, or 28.35 points, to close at 2,581.90 points. Japanese stocks had a volatile session today after Kishida announced he would not run in the September elections, but recovered again as the news was digested, amid hopes of political change amid unfavorable economic conditions. Source: Qatar News Agency