Tokyo Stock Exchange
12:52 JST, May 23, 2024 (updated at 16:15 JST)
TOKYO (Reuters) – Japan’s Nikkei share average rose on Thursday tofinish at more than a one-month closing high as technology stocks rallied after U.S. peer Nvidia’s earnings delivered on sky-high expectations.
Markets were not disappointed in the week’s most closely watched event, with Nvidia hitting a record high after the U.S. chipmaker forecasted quarterly revenue above estimates on Wednesday and announced a stock split.
“Nvidia earnings were better than expected. So that was definitely positive for Japanese tech stocks, especially semiconductor-related companies,” said Kenji Abe, equities analyst at Daiwa Securities.
Japan’s tech shares rallied on the news, buoying the Nikkei share average to endup1.26% at 39,103.22, its highest closing level since April 15.
The broader Topix closed 0.64% higher at…
