403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Tokyo Stocks Close Thursday with Gains
(MENAFN) Tokyo equities advanced sharply on Thursday, with Japan's key stock indices posting solid gains amid investor optimism fueled by a strong performance in U.S. tech shares.
The benchmark Nikkei 225 Stock Average jumped 605.07 points, or 1.27%, to close at 48,277.74, recapturing the psychologically significant 48,000 level. The broader Topix index also climbed, rising 19.78 points, or 0.62%, to finish at 3,203.42.
Market sentiment was buoyed by a rally in heavyweight semiconductor and artificial intelligence-linked stocks, which mirrored overnight gains seen on the tech-heavy Nasdaq in the United States.
Analysts noted the rebound in AI and chip-related shares as a key driver behind the Nikkei’s strong showing. Investors took cues from robust demand projections and positive earnings reports out of Wall Street, especially from major U.S. technology firms.
The surge marked a reversal of recent market sluggishness, with traders now closely watching corporate earnings and U.S. inflation data for further direction.
The benchmark Nikkei 225 Stock Average jumped 605.07 points, or 1.27%, to close at 48,277.74, recapturing the psychologically significant 48,000 level. The broader Topix index also climbed, rising 19.78 points, or 0.62%, to finish at 3,203.42.
Market sentiment was buoyed by a rally in heavyweight semiconductor and artificial intelligence-linked stocks, which mirrored overnight gains seen on the tech-heavy Nasdaq in the United States.
Analysts noted the rebound in AI and chip-related shares as a key driver behind the Nikkei’s strong showing. Investors took cues from robust demand projections and positive earnings reports out of Wall Street, especially from major U.S. technology firms.
The surge marked a reversal of recent market sluggishness, with traders now closely watching corporate earnings and U.S. inflation data for further direction.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Thinkmarkets Adds Synthetic Indices To Its Product Offering
- Ethereum Startup Agoralend Opens Fresh Fundraise After Oversubscribed $300,000 Round.
- KOR Closes Series B Funding To Accelerate Global Growth
- Wise Wolves Corporation Launches Unified Brand To Power The Next Era Of Cross-Border Finance
- Lombard And Story Partner To Revolutionize Creator Economy Via Bitcoin-Backed Infrastructure
- FBS AI Assistant Helps Traders Skip Market Noise And Focus On Strategy
More Story
Comments
No comment