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Japan Nikkei extends gain to third day

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Capital Market
Japan share market finished higher for third session in row on Thursday, 21 April 2022, thanks to yen depreciation near 20-year lows against greenback and strength in technology-oriented stocks.

At closing bell, the 225-issue Nikkei Stock Average advanced 335.21 points, or 1.23%, to 27,553.06, its highest close since April 5. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 12.85 points, or 0.67%, to 1,928.

Shares of Chip-making equipment maker Tokyo Electron rose 3.42% after its global peer ASML Holding NV beat earnings forecasts. Air-conditioner maker Daikin Industries climbed 2.74% and game and camera maker Sony Group gained 0.96%. Canon fell 2.3% even after a report said the office equipment and camera maker lifted its annual net profit forecast.

 

CURRENCY NEWS: The dollar turned down to move around 128 yen in Tokyo trading on Thursday. At 5 p.m., the dollar stood at 128.01-02 yen, down from 128.65-66 yen at the same time Wednesday.

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First Published: Apr 21 2022 | 4:28 PM IST

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