TOKYO, July 29 (Xinhua) -- Tokyo stocks closed higher Thursday with high-tech issues rising after an increase in their U.S. counterparts overnight even though trading was cautious over the recent record number of COVID-19 infection cases in Tokyo, local media reported Thursday.
The 225-issue Nikkei Stock Average finished up 200.76 points, or 0.73 percent, from Wednesday at 27,782.42.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended 7.78 points, or 0.41 percent, higher at 1,927.43.
Gaining issues were led by precision instruments, marine transportation, and electric appliance issues.
Strong quarterly earnings reported by some U.S. chipmakers helped boost the tech-heavy Nasdaq index, promoting Japanese technology issues.
The U.S. Federal Reserve's two-day policy meeting also brought ease after it ended without surprises Wednesday, brokers said.
In the First Section, advancers outnumbered decliners 1,287 to 821, while 82 finished unchanged.
Screen Holdings soared 5.8 percent, as the maker of semiconductor manufacturing equipment reported Wednesday upbeat earnings for the April-June quarter, and amended upward its sales and profit expected for the business year through March 2022.
Among chip-related issues, Sumco grew 2.5 percent, and Tokyo Electron rose 2.5 percent.
Going against the upward trend, railway issues declined on concerns that a revival in COVID-19 infection cases may put more pressure on travel demand, as West Japan Railway slipped 1.3 percent, and Tobu Railway dropped 2.1 percent.
Trading volume on the main section gained to 1,169.71 million shares from Wednesday's 1,037.88 million shares. Enditem
Go to Forum >>0 Comment(s)