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Tokyo stocks end higher tracking Wall Street gains

TOKYO
2024-03-01 16:52

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TOKYO, March 1 (Xinhua) -- Tokyo stocks rebounded on Friday tracking a surge in the overnight U.S. stock market, particularly due to increased investment in high-tech stocks.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 744.63 points, or 1.90 percent, from Thursday to close the day at 39,910.82.

The broader Topix index, meanwhile, finished 33.69 points, or 1.26 percent, higher at 2,709.42, its highest level since February 1990.

Local traders pointed out that the Nikkei average expanded its gains throughout Friday's trading sessions, with moments approaching the psychological milestone of 40,000 towards the end of the closing bell.

While the Nikkei in February saw the largest monthly rise since November 2020 due to the rapid surge in semiconductor-related stocks and a weak yen, sentiments of cautious optimism prevailed among investors, who are more focused on the end-of-month portfolio rebalancing, according to local analysts.

On the top-tier Prime Market, gainers were led by mining, oil and coal product, and electric appliance shares.

The number of gainers and losers were equal at 805 each, while 47 ended the day unchanged.
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