Home / Market Update / Forex Market / Japan’s Topix Index Reaches Its Highest Level in More Than 5 Months

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.

Check Also

U.S. Prepares for New Trade Announcements and Copper Tariffs by August

U.S. Commerce Secretary Howard Lutnick revealed plans to release 15 to 20 new trade-related directives …