Tokyo Stock Exchange
12:10 JST, June 26, 2024 (updated at 15:30 JST)
TOKYO, June 26 (Reuters) – Japan’s Nikkei share average climbed more than 1% to secure a 2-1/2 month closing peak on Wednesday, as investors snapped up technology stocks and chip-related heavyweights surged.
The Nikkei rose 1.26% to 39,694.50, its highest closing level since April 9, after touching a near three-month intraday high of 39,788.63.
The broader Topix finished up 0.56% to 2,802.95.
Japan’s technology-related shares rallied after a lull earlier this week, following a strong performance by AI chip firm Nvidia and other U.S. tech megacaps overnight.
“The rise in U.S. tech stocks has generated a pretty strong tailwind” for Japanese equities, becoming the driving force of the day, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
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