Japan’s Nikkei ends higher as tech stocks track Wall Street’s gains
- Nikkei inched up 0.13% to 50,407.79 points and the broader Topix rose 0.31% to 3,417.98
TOKYO: Japan’s Nikkei share average ended slightly higher on Thursday, tracking Wall Street’s gains overnight, with technology stocks leading the gains.
The Nikkei inched up 0.13% to 50,407.79 points and the broader Topix rose 0.31% to 3,417.98.
“There were not many participants in the market today, but the indexes managed to be in positive territory,” said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
“But the indexes moved without clear directions.”
Chip-making equipment maker Tokyo Electron rose 1.72% to provide the biggest boost to the Nikkei. Robot maker Fanuc gained 2.03%.
Memory chip maker Kioxia Holdings rose 1.79%. The gains came after its U.S. peer Micron Technology climbed 3.8% overnight to a closing record after the company issued a strong forecast last week.
Sony Group gained 1.23% to become the biggest source of the Topix’ gains. Toyota Motor rose 0.63%.
Chip-testing equipment maker Advantest fell 1.81%, weighing on the Nikkei the most. Fibre optic cable maker Fujikura lost 2.49%.
Uniqlo clothing store operator Fast Retailing fell 0.71%.
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