© Reuters. A person walks under an electronic whiteboard displaying data from Japan’s Nikkei index in Tokyo on June 14, 2022. Photo credit: Ise Kato/Reuters.
TOKYO (Reuters) – Japan’s index rose more than 1% on Wednesday to a two-week high as robotics stocks led gains, despite key US inflation data expected later in the week .
The Nikkei closed Wednesday’s session up 1.03% at 26446, having previously hit 26479.99 for the first time since December 27.
Sentiment in Japanese markets was boosted by an overnight rally on Wall Street, and gains were also boosted by the previous day’s earnings announcement from robotics maker Yasukawa Electric, which signaled improved supply chain conditions .
Yasukawa shares rose 6.26 percent, carrying gains on the Nikkei index. Fanuc shares rose 4.6%.
Precision machinery stocks were the best performer among 33 sectors on the Tokyo Stock Exchange, up 2.98%.
The Topix index rose 1.08% to 1901.25 points and also hit a two-week high at 1901.91 points.
(Prepared by Mahmoud Salama for the Arab Bulletin – Edited by Yasmine Hussein)
