TOKYO, Jan. 16 (Xinhua) — Japan’s key stock index rebounded for the primary time in six buying and selling days on Thursday, following the in a single day rally in U.S. tech shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed 128.02 factors, or 0.33 % larger at 38,572.60.
The tech-led rally within the U.S. stock market carried over to the Tokyo market, with notable positive aspects in heavyweight semiconductor shares resembling Tokyo Electron and Advantest.
But positive aspects have been capped later within the day because the yen strengthened towards the dollar within the international change market, inflicting the index to lose momentum and briefly dip into detrimental territory within the afternoon.
Analysts anticipated investor warning to prevail forward of key occasions subsequent week, together with the Bank of Japan’s financial coverage assembly.
The broader TOPIX index, nonetheless, edged down, closing 2.50 factors, or 0.09 % decrease at 2,688.31.
On the Tokyo Stock Exchange Prime Market, 610 shares superior, 968 declined, and 65 remained unchanged.