Japan’s Nikkei Index Rises After Gains in US Technology

The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of US giants, with the S&P 500 index climbing to a record high last night. The Nikkei Index is very close to a three-decade high in dollar terms.

The Nikkei index rose 0.26% to 23110.61 points, after making losses over two days. The broader TOPIX index rose 0.18% to 1613.73 points. When calculated in dollars, it scored 219.10, just 0.3% less than its 2019 peak, its highest since 1990.

SoftBank Group, which invests in technology companies around the world, rose 3.3%, while Nintendo rose 1%, to its highest level in 12 years.

IT equipment and services companies, Fujitsu and NEC, gained 2.4% and 3.7%, respectively.