Japan’s Nikkei hits 34-year high | CNN Business

Tokyo Reuters  — 

Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index.

The Nikkei climbed 2.89% to 37,963.97 to its highest since January 1990, after briefly breaching 38,000 points. The broader Topix rose 2.12%.

Chip-sector giant Tokyo Electron gained 13.33%, making it the best performer of the day.

SoftBank Group Corp rose 6.27%, buoyed by the rally in semiconductor developer ARM Holding, in which SoftBank has a 90% stake.

Among other top gainers, Tokio Marine Holdings Inc and MS&AD Insurance

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Super Bowl LVIII sets ratings record with a staggering 123.4 million viewers, TV’s biggest audience since the moon landing | CNN Business

CNN  —  Super Bowl LVIII was the most-watched television broadcast in a generation. Sunday’s overtime thriller, which featured the...

Tiger Woods launches apparel partnership with Taylormade after 27-year Nike partnership ends | CNN Business

CNN  —  Tiger Woods has found a new look after splitting up with Nike, his longtime partner, last...