On 4 October 2022, the Japanese share market finished the session after fresh US data from the Institute for Supply Management (ISM) indicated softer manufacturing activities. After the British government shelved, markets also perked up to cut income tax rates for the wealthy.

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In Yesterday’s closing, the 225-issue Nikkei Stock Average index surged 776.42 points at 2.96 per cent, to 26,992.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange spurted 59.31 points at 3.21 per cent to 1,906.89.

The Organization of the Petroleum Exporting Countries and its allies are considering their highest amount of output cut since the start of the COVID-19 pandemic. Inpex rose 5.4 per cent. Japan Petroleum Exploration Company added 3.4 per cent, Mitsui and Co surged 5.4 per cent, and Mitsubishi Corp was up by 4.8 per cent.