2023-05-26 09:04:00
Technology stocks jumped 0.52%.
The Japanese Nikkei index rose today, Friday, supported by the gains of chip companies, as the strong profits achieved by the US company Nvidia continued to enhance the sector’s gains.
The Nikkei index closed up 0.37% to 30,916.31 points, achieving gains for the seventh consecutive week, the longest winning streak in five years.
The broader Topix index rose 0.6% during the day, but closed unchanged at 2145.84 points, stopping a series of gains that lasted for six weeks.
Japanese stocks had a volatile week after the two indexes rose on Tuesday to pre-1990 levels before falling sharply.
At the individual stock level, performance on the Nikkei was very mixed. 70 of the 225 shares listed on it rose, while 153 shares declined, and two closed unchanged.
The energy sector was the worst performer on the Nikkei index, and its shares fell 2.45% after crude oil prices fell sharply from their highest level in about a month.
While technology companies were the best performers, and their shares jumped 0.52%.
Shares in Tokyo Electron, a giant that manufactures electronic chip manufacturing equipment, rose 4.44%, and Advantest, which manufactures chip testing equipment, and among its clients is Nvidia Corporation, rose 3.92%, after rising 16% yesterday, Thursday.
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