Monday saw the Japanese Nikki index close at its highest point in six weeks, following Wall Street’s strong closing of the previous session, which included technology firms.
Nikki rose 1. 78% to 27. 587. 46 points, the highest level since September 20, and recorded the largest gains in one day since October 14, and the broader Topics index jumped 1. 6% to 1929. 43 points.
Wall Street was forced to abruptly close on Friday as a result of the broad-based strong surge, which fueled investors’ desire for risk ahead of the Federal Reserve Council’s approaching monetary policy meeting later this week.
The highest increase of the 33 indicators of the sub-sectors on the Tokyo Stock Exchange came from the Japanese electrical appliances sector, which had a growth of 2. 78%.
Hitachi’s share increased by 6.04 percent as the company increased profits.
The Nikki index saw its highest gains from the Softbank Group for Technology Group, which increased by 6. 21%, whereas Fast Retiling operated 0% of the Unico apparel store’s shares. Tokyo Electron leaped to produce the chips equipment at 9%, and 1. 31%..
High technology shares help the Japanese Nikki close at its best level in six weeks.
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