At closing bell, the 225-issue Nikkei Stock Average advanced 405.65 points, or 1.78%, to 23,249.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 18.62 points, or 1.16%, at 1,624.15.
Total 27 issues of the 33 industry category of Topix index advanced into positive territory, with Precision Instruments, Electric Appliances, Pharmaceutical, Services, Information & Communication, and Glass & Ceramics Products issues being notable gainers, while Iron & Steel, Air Transportation, and Marine Transportation issues were notable losers.
Shares of Precision machine makers were the top performers among the 33 Topix industry subindexes. Olympus jumped 3.9% to a record high, while Terumo rose 4.5%.
Technology shares, including semiconductor-related stocks, advanced on hopes for more chip demand related to new technologies, such as 5G communication, after strong gains in global peers. Chip-making machine maker Tokyo Electron rose 3.1% and Murata Manufacturing, manufacturer of capacitors and other electronic parts, added 2.6%.
ECONOMIC NEWS: Japan Producer Prices Up 0.6% On Month In July- Japan producer prices were up 0.6% on month in July, following the 0.6% increase in June, the Bank of Japan said on Thursday. On a yearly basis, producer prices sank 0.9% following the 1.6% drop in the previous month. Export prices were up 0.8% on month and down 3.2% on year, the bank said, while import prices climbed 1.9% on month and tumbled 12.6% on year.
CURRENCY: The Japanese yen traded at 106.66 per dollar, weakening after levels above 105 earlier.
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