Nikkei rises on virus drug hopes, auto stocks surge [Reuters]
Honda Motor Company, Ltd. (HMC)
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Source: Reuters
Nikkei rises on virus drug hopes, auto stocks surge TOKYO, July 13 (Reuters) - Japanese shares rose on Monday, tracking Wall Street’s rally on Friday as a positive analysis on a potential COVID-19 drug offset investor fears over a surge in virus cases, while auto shares were lifted by upbeat industry data from China. The benchmark Nikkei share average gained 1.73% to 22,677.25 by the midday break, rebounding from a one-week low hit on Friday. On the Nikkei index, there were 214 advancers against 10 decliners. In the broader market, Topix rose 2.02% to 1,566.15 by the recess, with all 33 sector sub-indexes on the Tokyo exchange trading higher. U.S. stocks gained on Friday as Gilead Sciences Inc’s antiviral remdesivir showed reduced risk of death in severely ill COVID-19 patients, but clinical trials were needed to confirm the benefit. The Nasdaq posted its sixth record closing high in seven days, up 0.66%, while the Dow and the S&P 500 added 1.44% and 1.05%, respectively. Highly cyclic
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HMC
Sec Filings
- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- HMC's page on the SEC website