The Japanese Nikkei index increased in trading on Thursday, reaching a two-week high throughout the session, as markets recovered from multi-month lows, helped by the increase in energy-related stocks and semiconductors.
The advances, according to traders, were constrained by caution ahead of Friday’s release of the monthly US jobs report.
After reaching 27,399. 19 points, a level last recorded on September 21, the Nikkei index increased 0.7% to a closing level of 27,311. 30 points.
The larger Topix index increased 0. 5% to 1922.47 points, continuing its four-day upward trend, and it reaches a two-week high at 1930.47 points.
The Nikkei increased from a Monday low of 25,621.96—not seen since June 20—to a new high of 25,621.94.
The Nikkei’s best-performing sector was Japan’s energy industry, which increased 1.24 percent as oil prices reached multi-week highs.
The Nikkei’s advances were also significantly influenced by chip stocks, which increased by 0.
Overnight, the Philadelphia Semiconductor Index in the US decreased by 94%.
Tokyo Electron, a manufacturer of chip-making machinery, increased by 2.76 percent, and Advantest, a rival company, increased by 2.91 percent.
reached the highest point in the past two weeks. Japan’s stock market is up.
About Author
