Market Updates
Japan Indexes Edged Higher After GDP Growth Accelerated in Fourth Quarter
Akira Ito
17 Feb, 2025
Tokyo
Stock market indexes in Tokyo advanced, and the yen held stable as investors reviewed the latest GDP growth update.
The Nikkei 225 Stock Average increased 0.1%, and the broader index TOPIX advanced 0.3% amid a sustained rally in tech stocks.
Japan's fourth quarter GDP expanded 0.7% from the previous quarter, faster than the 0.4% increase in the third quarter, according to Japan's Cabinet Office.
The economy expanded for the third quarter in a row, after shrinking in the previous three quarters in a row.
On an annual basis, economic growth accelerated to 2.8% from the 1.7% pace in the previous quarter after government spending expanded and the private sector unexpectedly picked up.
Despite persistent food inflation, private consumption increased because of a rise in real wages.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.1% to 39,174.25, and the broader TOPIX advanced 0.3% to 2,766.90.
Technology stocks led gainers in Monday's trading as investors remained focused on artificial intelligence-linked stocks.
Tokyo Electron decreased 0.1% to ¥24,790.0, Advantest Corp. gained 1.3% to ¥9,209.0, and Disco Corp. jumped 3.5% to ¥47,060.0.
Automobile makers were in focus on the news that the U.S. presidential administration is looking to place additional tariffs on Japanese vehicles starting as early as April 2.
Toyota Motor decreased 1.1% to ¥2,773.50, Honda Motor declined 3.1% to ¥1,424.0, and Nissan Motor eased 0.4% to ¥424.0.
Marubeni Corp. increased 1.3% to ¥2,345.0, Itochu Corp. decreased 1.3% to ¥6,428.0, and Sumitomo Corp. declined 1.2% to ¥3,291.0.
Annual Returns
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Earnings
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