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Tokyo stocks rebound as semiconductor shares lead gains

0 Comment(s)Print E-mail Xinhua, November 19, 2024
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TOKYO, Nov. 19 (Xinhua) -- Tokyo stocks rebounded on Tuesday following gains in U.S. tech stocks overnight, with semiconductor-related stocks leading the buying momentum.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 193.58 points, or 0.51 percent, to close at 38,414.43.

Market analysts noted a widespread move to buy back semiconductor-related stocks that had declined in the previous days.

Additionally, companies reporting profit increases in their mid-term financial results outnumbered those reporting declines, which reinforced the view that Japan's domestic economic outlook remains solid, leading to buying activity focused on domestic demand-related stocks.

The broader TOPIX index also rose, ending 18.27 points, or 0.68 percent, higher at 2,710.03.

Of the listed stocks on the top-tier Prime Market, 1,080 rose, 502 declined and 63 remained unchanged. Enditem

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