Tokyo Stock Exchange
13:23 JST, April 24, 2024 (updated at 16:00 JST)
TOKYO (Reuters) – Japan’s Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points as investors continued to snap up tech-related shares.
The Nikkei finished up 2.4% at 38,460.08, retaining the 38,000-point range into the close for the first time in just over a week.
The broader Topix closed 1.7% higher at 2710.73.
Japanese shares have had a bumpy month since the benchmark index rose to a record high of 41,087.75 at the end of March. It sank as low as 36,733.06 last week on factors such as geopolitical concerns and profit-taking.
However, sentiment has turned favorable on risk assets again as fears of a re-escalation in the Middle East eased and U.S. stocks closed higher overnight following positive earnings from top-tier companies, giving…
