Tuesday, 02 January 2024 12:17 GMT

Tokyo Stocks End Tuesday Higher


(MENAFN) Tokyo stocks climbed for a second consecutive session on Tuesday, lifted by a robust rally in U.S. technology shares that boosted investor sentiment.

The 225-issue Nikkei Stock Average gained 134.15 points, or 0.30%, to close at 44,902.27. During the session, the index briefly crossed the 45,000 threshold for the first time ever in intraday trading.

The upward momentum mirrored gains on Wall Street, where the tech-focused Nasdaq Composite and the Philadelphia Semiconductor Index both closed at all-time highs overnight.

Japanese chip-related stocks, including Advantest, Tokyo Electron, and Disco, were among the top performers, fueling the Nikkei’s rise.

Automotive giants such as Toyota, Honda, and Denso also posted gains. Other notable risers included Murata Manufacturing, HOYA, and Mitsui & Co. However, some major names pulled back—Fast Retailing, Nintendo, and Bandai Namco Holdings all declined, along with Nitto Denko and Terumo.

The broader Topix index also notched a record close, rising 7.87 points, or 0.25%, to end the day at 3,168.36.

On the Tokyo Stock Exchange Prime Market, 1,078 stocks advanced, 493 declined, and 48 finished unchanged.

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