Japanese Stocks Rise, Following The Rise of The Nasdaq

Japanese shares rose at the close on Thursday, led by technology shares that followed the Nasdaq market’s gains, with Tokyo Electron, the largest source of the Nikkei’s rise.

The Nikkei index rose 1.46 percent to close at 28,550.93 points, after falling for two consecutive sessions. The broader Topix index rose 0.67 percent to 1986.97 points.

And the Nasdaq Standard & Poor’s 500 indexes rose last night after the Federal Reserve indicated that it may start reducing the support that it provided during the Covid-19 pandemic to the American economy, which raised hopes for an economic recovery.

However, inflation fears persisted and led to a fall in the yield on the benchmark 10-year Treasury bond.

Shares of Tokyo Electron rose 5.18 percent and shares of its counterpart Advantest 3.83 percent.