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Tuesday, October 15, 2024

Japan’s Nikkei hits a 3-month high

Japan’s Nikkei hits a 3-month high

The Nikkei index reached 40,257.34 points, its highest level since July 18, after Japanese markets reopened after a public holiday on Monday.

The benchmark index fell in the afternoon to close 0.8 percent higher at 39,910.55 points, ensuring the fourth consecutive session of gains.

The broader Topix index rose 0.6 percent to close at 2,723.57 points.

She concluded Wall Street Yesterday’s trading was on the rise, as both the Standard & Poor’s 500 Index and the Dow Jones Industrial Average recorded new record closings.

Nvidia shares rose to a record closing level after semiconductor stocks outperformed others.

This helped lift shares of chip-related companies in Japan, with Tokyo Electron shares jumping 4.5 percent and Advantest gaining 3.4 percent.

The shares of SoftBank, an emerging investment group focused on artificial intelligence, rose by 5.8 percent last night.

LaserTech Corp. shares rose 6.6 percent, recording the highest increase on the index.

And received Japanese stocks Supported by the weakness of the yen, as its weakness usually enhances the profits of exporters abroad when returning money to Japan.

The yen was close to its lowest level yesterday Monday at 149.98 against the dollar, its lowest level since early August.



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