TOKYO, Oct. 12 (Xinhua) — Tokyo shares jumped Thursday, boosted by shopping for of know-how and different export-oriented points as traders took the chance to buy undervalued shares following a collection of heavy sell-offs.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 558.15 factors, or 1.75 p.c, from Wednesday at 32,494.66, marking the third consecutive session of features.
The broader Topix index, in the meantime, completed 34.65 factors, or 1.5 p.c, increased at 2,342.49.
Market watchers right here stated traders demonstrated confidence within the Japanese economic system by shopping for again shares that had lately fallen through the sell-offs.
This resurgence in confidence was largely attributed to current developments within the chip business, analysts stated.
On the top-tier Prime Market, gainers have been led by electrical equipment, equipment and transportation gear points.
Among exporters, TDK jumped by 243 yen, or 4.4 p.c, to five,782 yen, whereas chip-testing machine maker Advantest surged by 178 yen, or 4.0 p.c, to 4,590 yen. (1 Japanese yen equals 0.0067 U.S. {dollars})