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Japan Shares Continue to Gain

Adel 31 January, 2022 1:19 pm Global Stock Market, Market Update

Japanese shares extended their tech rally in overnight trading after the prime minister said he is not currently considering imposing a new state of emergency in the country.

The rise in chipmaker Sony and SoftBank Group helped lift the Nikkei index, after US stocks rose at the end of last week.

The Nikkei index closed up 1.07 percent, recording 27,001.98 points, while the technology sector rose 2.35 percent.

The broader Topix index rose 1.01 percent.

Chipmaker Tokyo Electron Inc rose 3.32 percent, the Nikkei’s biggest gainer. Advantest rose 4.36 percent and Renesas shares 5.19 percent.

SoftBank Group shares rose 4.5 percent and Sony shares 3.96 percent.

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