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Tokyo stocks continue to rise as semiconductor shares recover

0 Comment(s)Print E-mail Xinhua, January 30, 2025
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TOKYO, Jan. 30 (Xinhua) -- Tokyo stocks continued to rise on Thursday as semiconductor-related stocks such as Advantest recovered despite a weak start due to a decline in U.S. tech stocks.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed up 99.19 points, or 0.25 percent, to end at 39,513.97.

Advantest, which had announced its earnings the previous day, and Tokyo Electron both turned upward after initial declines. However, after a mid-afternoon rally, the market struggled to maintain its gains, with profit-taking and sell-offs emerging above the 39,500 level.

In the foreign exchange market, the yen strengthened against the U.S. dollar, briefly reaching the mid-154 yen range, weighing on sectors like machinery, which faced selling pressure.

The broader TOPIX index also rose, ending 6.34 points, or 0.23 percent higher at 2,781.93.

Among the listed stocks on the Tokyo Stock Exchange Prime Market, 1,093 advanced, 492 declined, and 54 unchanged. Enditem

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