TOKYO, Dec. 12 (Xinhua) — Tokyo shares rose for the fourth consecutive day on Thursday, pushed by good points in tech shares following a robust efficiency of U.S. tech shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed the day at 39,849.14, up 476.91 factors, or 1.21 p.c, from the earlier buying and selling day.
The index briefly surpassed the psychological milestone of 40,000 throughout morning session, marking its highest intraday degree since Oct. 15.
The Nasdaq Composite within the United States hit a document excessive in a single day, buoyed by market expectations that the Federal Reserve would decrease rates of interest additional subsequent week.
Tokyo markets mirrored the sentiment, with heavyweight shares like Tokyo Electron, Advantest, and SoftBank Group seeing sturdy good points.
The broader TOPIX index additionally prolonged its profitable streak, closing 23.72 factors, or 0.86 p.c greater at 2,773.03.
On Tokyo Stock Exchange’s Prime part, advancing shares outnumbered decliners, with 1,053 gainers in opposition to 528 losers, and 63 points unchanged.