Japanese stocks ended trading today, Tuesday, higher, buoyed by gains in bank shares as concerns about the global financial system eased following a deal in which "First Citizens Bank" acquires the assets of the collapsed Silicon Valley Bank.
The Nikkei index rose by 0.15% to close at 27,518.25 points, while the broader Topix index increased by 0.25%, closing at 1,966.67 points.
The banking sector index jumped by 1.96%, making it the best-performing among the 33 sub-indices representing various business sectors on the Tokyo Stock Exchange.
Shares of Resona Holdings surged by 4.08%, marking the largest gain on the Nikkei index. Additionally, shares of Mizuho Financial Group rose by 2.47%, Sumitomo Mitsui Financial Group by 2.67%, and Mitsubishi UFJ Financial Group by 1.7%.
However, the performance of heavyweight stocks weighed on the Nikkei index, with Tokyo Electron falling by 0.33%, Advantest by 0.75%, and Shin-Etsu Chemical by 1.19%.
