Tokyo stocks close higher after Wall Street record
Tokyo markets closed higher on Friday after the Dow and S&P 500 hit new highs on Wall Street as investors awaited the release of U.S. economic data later in the day.
The benchmark Nikkei 225 index rose 0.50%, or 201.37 points, to close at 40,369.44, while the broader Topix index rose 0.65%, or 17.81 points, to 2,768.62.
“The Dow and S&P 500 hit new highs on Thursday. The Japanese market also rebounded following the US gains and losses in the Tokyo market,” Iwai Cosmo Securities said.
Investors were also awaiting the release of the US Personal Consumption Expenditure Price Index later in the day.
The dollar traded at 151.40 yen, flat from Thursday's New York market level.
Among major stocks, chip-related stocks rose in value, with Advantest up 1.85% to 6,819 yen and Tokyo Electron up 0.79% to 39,570 yen.
Video game giant Sega Sammy soared 7.84% to 2,013 yen after announcing an additional 240 job cuts in Europe to improve profitability in the region.
Many stock markets across Asia, including Hong Kong, were closed for Good Friday.
Source: guardian.ng