Tokyo (Reuters)
Japan’s Nikkei index closed at its highest level in 34 years yesterday, with trading resuming after a long weekend, with technology-related stocks and strong corporate profits supporting the benchmark stock index.
The Nikkei index rose 2.89 percent to 37,963.97 points, its highest level since January 1990, after briefly exceeding the threshold of 38,000 points.
The broader Topix index gained 2.12 percent.
Shares of Tokyo Electron, the chip manufacturing giant, rose 13.33 percent, making it the best performer. SoftBank Group shares rose 6.27 percent, supported by the rise in shares of the semiconductor development company ARM. Holdings, in which SoftBank owns a 90 percent stake. Japanese stocks received a boost from a strong performance on Wall Street and a weaker yen, which boosted the value of exporters’ overseas revenues. The yen was trading at about 149.47 to the dollar during the session.
Out of the 225 companies listed on the index, the shares of 196 companies rose and the shares of 26 companies declined.
2024-02-13 22:27:39
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