Japan’s Topix Index Reaches Its Highest Level in More Than 5 Months

Japan’s Topix index closed at a more than five-month high on Thursday, recovering from earlier losses, as a rise in technology shares offset the impact of a decline in carriers.

Topix rose 0.14% to 1983.57 points, its highest closing level since March 29. The index rose for the fourth consecutive session.

The Nikkei index closed up 0.33% at 28,543.51 points, its highest level since July 14.

NTT and Nintendo shares were the best performers among the 30 major shares on Topix, gaining 2.03% and 1.81%, respectively, while Sony Group shares added 1.40%.

Chipmakers rose, with Advantest adding 2.07% and Tokyo Electron adding 1.16%. Mobile game maker Nixon rose 2.80%, becoming the second-best performer over the Nikkei.