Japanese Stocks Close Higher

Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits.

The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its gains for the second session, while the broader Topix index rose 1.31% to 2040.60 points.

Technology shares led gains on the Nikkei, tracking Wall Street as the semiconductor index rose after its worst session in more than six weeks.

SoftBank Group’s share rose 2.58%, recording an increase of 10% during the week, while Tokyo Electron, a chip production equipment maker, advanced 1.96%.

On the other hand, Suzuki Motors shares lost 2.38% after the company’s net profit in 6 months was less than market expectations.