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Market Update: The JP225 Index rose 0.60%
The NIKKEI 225 added 131.7 points or 0.46% to 28496.31 on Tuesday, following gains of 0.17% in the previous session as risk sentiment was boosted amid easing long term bond yields ahead of key US data set to be released later this week. Local 10-year bond yields were at 0.082% while US 10-year rates eased to 2-week lows of 1.602%. On the coronavirus front, the Japanese government plans to extend the COVID-19 state of emergency covering Tokyo, Osaka and other areas beyond the current deadline of May 31 as infections have yet to significantly subside. Later in the week, traders will turn attention to US personal consumption, gross domestic product, jobless claims and durable goods data due on Thursday. [/s2If]
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