TOKYO (Reuters) – The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of their US giants, and the Standard & Poor’s 500 Index rose to a record high on Tuesday night.
The Nikkei is close to a three-decade high in dollar terms.
The Nikkei rose 0.26% to 23,110.61 points, after making losses over two days. The broader Topix index rose 0.18 percent to 1,613.73 points. When calculated in dollars, it scored 219.10, just 0.3 percent less than its 2019 peak, its highest since 1990.
“Some tech stocks that benefited from new types of demand after the Corona pandemic will continue to perform well,” said Norihirio Fujito, chief investment officer at Mitsubishi UFG Morgan Stanley (NYSE: MS) Securities. “But for the stock index rise in general, investors need more. Positive factors for buying. ”
Shares of SoftBank Group, which invests in technology companies around the world, rose 3.3 percent, while Nintendo rose 1 percent, to its highest level in 12 years.
IT equipment and services companies, Fujitsu and NEC, gained 2.4 and 3.7 percent, respectively.