Japan’s Nikkei index reversed course to close higher on Wednesday as investors snapped up heavyweight stocks that have seen their prices decline, with SoftBank Group and chip-related stocks leading the gains.<\/p>\n\n\n\n
The Nikkei index rose 0.56 percent to close at 33,575.14 points, after falling as much as 0.7 percent earlier in the session.<\/p>\n\n\n\n
The Japanese index tracked the decline in early trading on Wall Street.<\/p>\n\n\n\n
The broader Topix index also erased its losses and closed 0.5 percent higher, at 2,295.01 points.<\/p>\n\n\n\n
“After seeing losses in early trading, investors are more willing to buy shares that have fallen,” said Shuichi Arisawa, general manager of investment research at Iwai Cosmo Securities.<\/p>\n\n\n\n
“This demand will maintain the momentum of the Nikkei index, and it seems that the index is ready to go up in the near term, but gradually,” he added.<\/p>\n\n\n\n
SoftBank rose 3.68%, giving the Nikkei the biggest boost, after the group, which focuses on investing in technology companies, held its annual general meeting on Wednesday.<\/p>\n\n\n\n
Chip-related stocks rose, with Advantest and Tokyo Electron adding 1.25% and 2.8%, respectively.<\/p>\n\n\n\n
Japan Airlines rose 3.43 percent, lifting the aviation sector index 3 percent, to record the largest gain among the 33 sub-indices on the Tokyo Stock Exchange.<\/p>\n\n\n\n
In all, 156 stocks rose on the Nikkei index and 66 fell, while three stocks remained unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index reversed course to close higher on Wednesday as investors snapped up heavyweight stocks that have seen their prices decline, with SoftBank Group and chip-related stocks leading the gains. The Nikkei index rose 0.56 percent to close at 33,575.14 points, after falling as much as 0.7 percent earlier in the session. The Japanese …<\/p>\n","protected":false},"author":9,"featured_media":71671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-85633","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=85633"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85633\/revisions"}],"predecessor-version":[{"id":85634,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/85633\/revisions\/85634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71671"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=85633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=85633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=85633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}