ANA Holdings’ stake was placed significantly higher on the Tokyo Stock Exchange on Monday. The Japanese airline expects to suffer less loss in the current fiscal year than previously anticipated. Other transport companies were also selected in the hope that the number of Corona infections would decrease again due to the re-introduction of the state of emergency in major Japanese cities, it was announced Friday.
ANA Holdings rose 5.5% and rival Japan Airlines rose more than 4%. Central Japan Railway, Western Japan Railway and East Japan Railway were also among the strongest gainers, with profits of around 5%. And the main index in Tokyo, the Nikkei 225, closed 0.4 percent at 29,126.23 points. Investors were excited about last Friday’s stock price gains on Wall Street. Additionally, the interest rate decision from the Bank of Japan, which will be announced on Tuesday, was expected.
Toshiba won more than 1 percent. 3D Investment Partners, Toshiba’s second-largest shareholder, has called on the Japanese tech group to review its strategy and be open to a potential takeover of the company. Toshiba last week rejected a $ 20 billion bid by investor CVC Capital Partners. Other parties are also interested in the company.
Elsewhere in the Asian region, equity markets were showing a mixed picture. The stock exchange in Shanghai fell 0.4 percent, and the Hang Seng Index in Hong Kong was down 0.3 percent. The benchmark index in India rose by more than 1 percent despite the continuing rapid spread of the coronavirus in the country. The European Union, the United Kingdom and the United States pledged to provide rapid aid to India, as the number of new infections in Corona rose to more than 350 thousand.
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