11.8 C
Qādiān
Sunday, January 5, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Japan’s Nikkei gains for seventh week, thanks to chip stocks

The Nikkei index closed up 0.37% at 30,916.31 points, posting gains for the seventh consecutive week, the longest winning streak in five years.

The broader Topix index was up 0.6% on the day but closed unchanged at 2,145.84 points, halting a six-week winning streak.

Japanese stocks had a volatile week after both indexes rose to pre-1990 levels on Tuesday before falling sharply.

At the individual stock level, the Nikkei’s performance was very mixed. 70 of the 225 stocks listed there rose, while 153 stocks fell and two closed unchanged.

The energy sector was the worst performer in the Nikkei index, and its shares fell 2.45% after crude oil prices fell sharply from their highest level in nearly a month.

While technology companies were the best performers, their shares jumped 0.52%.

Chip-making equipment giant Tokyo Electron rose 4.44% and chip-testing equipment maker Advantest, whose customers include Nvidia Corporation, rose 3.92%, after rising 16%. THURSDAY.

Read the Latest World News Today on The Eastern Herald.

More

Foreign investor inflows push Japan’s Nikkei index higher

The Nikkei index rose 0.4% to close at 30,801.13...

Japanese stocks are down from their highest level in 33 years

stock movementsThe Nikkei index started the day strong and...

For these reasons, Japanese stocks rise for the eighth consecutive day

The index hit a 33-year high on Friday, supported...
Follow The Eastern Herald on Google News. Show your support if you like our work.

Topics

Author

Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories