At closing bell, the 225-issue Nikkei Stock Average inclined 184.18 points, or 0.8%, to 23,274.13. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 11.15 points, or 0.69%, to 1,620.89.
Total 29 issues of the 33 industry category of Topix index ended into red territory, with Services, Banks, Real Estate, Transportation Equipment, Securities & Commodities Futures, Information & Communication, and Insurance issues being notable losers, while Marine Transportation and Iron & Steel issues were notable gainers.
Shares technology companies declined on following losses seen by their counterparts stateside. Shares of SoftBank Group Corp dropped 2.87%. The stock has plunged more than 10% since its Friday close after reports stated the firm as the Nasdaq whale that bought billions of dollars in technology company stock options over the past month.
Energy-related stocks tumbled as oil prices slumped after Saudi Arabia cut its October selling prices and COVID-19 cases rebounded in several countries. Shares of oil and gas exploration company INPEX Corp dropped 3.1% and Cosmo Energy Holdings Co fell 1.1%.
CURRENCY: The Japanese yen traded at 105.93 per dollar after an earlier high of 105.76 against the greenback.
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