Roundup: Tokyo stocks closed on gains in tech stocks and travel issues
The 225-issue-Nikkei stock average closed 328.51 points, or 1.22 percent, higher at 27,172.00 on Wednesday.
The broader topics index, meanwhile, closed at 1,908.05, adding 17.99 points, or 0.95 per cent.
Amid continuing concerns about a growing policy gap between the US Federal Reserve and the Bank of Japan (BOJ), local brokers said the day-to-day turmoil had eased somewhat as the Japanese yen fell to its lowest level against the US dollar in nearly 20 years. The profits on Wall Street overnight were hilarious.
“While a major part of yesterday’s Nikkei gains was only a rebound to the lows, today it reflects what has happened in U.S. stocks and there are signs of a potential recovery trend,” said a trader with a domestic securities firm. As mentioned.
Despite the outbreak of the virus in some parts of the country, dealers here have indicated that they are seeking retail, leisure and travel issues ahead of the Golden Week holidays, following the government’s decision not to impose any Kovid-19 emergency measures or sanctions. .
“Retailers and other businesses have been seeing an increase in customers since the end of Japan’s COVID-19 semi-state emergency last month. As the Golden Week holidays approach, expectations on rising travel demand are rising,” said Maki Sawada, an investment content department at Nomura Securities.
By the end of the game, air transport, mining and maritime problems had the highest gains, rising from 1,346 to 442, but ended unchanged at 51 days.
Among tech issues supported by Nasdaq’s overnight rally, industrial robot maker Phoenix gained 1.5 percent, while the Nikkei heavyweight Tokyo Electron added 1.8 percent.
Advante was up 1.8 percent, while Renaissance Electronics was up 6.7 percent, according to share buyback plan reports.
Fellow Heavily Weighted Issue Softbank Group, known for investing in overseas tech startups, helped boost the wider market, growing by more than 3% by the end of the year.
Fast Retail, another huge hitter on the Nicky and owner of the Uniqlo Chain of Casual clothing stores, gained 2 percent, with the company announcing solid first-half gains after the closing hour.
Travel-based issues with travel agency HIS, which will launch package tours to Hawaii on May 1, will gain 2.6%.
Japan Airlines, meanwhile, rose 4.8 percent and ANA Holdings 3.6 percent.
In the prime market on Thursday, 1,010.05 million shares changed hands, while Wednesday’s volume fell from 1,165.82 million shares.
Turnover on the last trading day of the week was 2,342.20 billion yen (US $ 18.67 billion).