Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Japanese shares rose on Thursday as investors cheered Wall Street’s overnight gains, thanks to signs of easing Sino-US trade tensions, with technology firms getting a boost from a rally in their US peers.
The benchmark Nikkei share average was up 0.99 per cent at 21,817.62 for the second straight day of gains, touching 21,822.54 earlier -its highest since Dec. 5, reports Reuters.
Global equities slumped at the start of the week on persistent concerns over tense Sino-US trade relations.
Shares of technology-related companies advanced after the S&P technology sector, which is heavily exposed to China trade, gained overnight.
Panasonic Corp rose 1.4 per cent, Rohm Co gained 1.65 per cent and Canon Inc climbed 1.0 per cent.
Takeda Pharmaceutical Co surged 7.0 per cent after a rating upgrade by Tokai Tokyo Research Institute.
The decliners included entertainment facilities operator Tokyo Dome Corp, which sank 2.1 per cent after reporting that its net profit fell 17.7 per cent to 6 billion yen ($52.9 million) in the nine months through October.
Of 33 subsectors of the Tokyo Stock Exchange (TSE) all but three were in positive territory.
The broader Topix gained 0.69 per cent to 1,617.74.