Japan’s Nikkei is at a two-week high, boosted by the technology sector | Market talk

Japan’s Nikkei is at a two-week high, boosted by the technology sector | Market talk
Japan’s Nikkei is at a two-week high, boosted by the technology sector | Market talk

The Nikkei index achieved its first weekly gain in four weeks, after jumping at the close of today’s session.

The Nikkei index rose 1.81% to close at 29068.62 points, its highest level in more than two weeks, while the broader Topix index rose 1.86% to 2023.93 points.

This week, the Nikkei index rose by 3.64%, while the Topix index rose 3.16 percent, after losing three weeks.

“Big gains in tech stocks gave the market a huge boost today,” said Shigetoshi Kamada, general manager of research at Tachibana Securities.

“It is also expected that many Japanese companies will raise their expectations for this year. This will be a boost to the market,” he added.

Chip-making equipment maker Tokyo Electron contributed the largest share to the Nikkei’s gains, rising 2.97%. Robotics manufacturer Fanuc shares jumped 5.61%.

Keynes, a manufacturer of electronic sensors, and Sony Group for audio and games pushed the Topix index to rise, after their shares rose 3.66% and 2.67%, respectively.

Source

Japans Nikkei twoweek high boosted technology sector Market talk

 
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