Tokyo stocks rise on tech gains after US CPI release
TOKYO (Kyodo) -- Tokyo stocks climbed Thursday morning, led by artificial intelligence- and semiconductor-related shares, as the release of the U.S. c
Tokyo stocks surged Thursday, driven by artificial intelligence and semiconductor-related companies, following the release of July's U.S. consumer price index, which signaled easing inflation concerns. The Nikkei Stock Average, a key gauge of Japan's equity market, gained 1,085.86 points, or 1.61%, to reach 68,609.92 points. The broader Topix index also climbed, gaining 19.77 points, or 0.48%, to 4,158.77 points.
The U.S. dollar remained relatively stable, trading within a narrow range around 159 yen. By noon, the greenback was exchanging at 159.43-44 yen, compared to 159.40-50 yen in New York and 159.37-38 yen in Tokyo at 5 p.m. the previous day. Similarly, the euro held steady against the dollar, trading at $1.1522-1522 and 183.70-71 yen, matching prices in New York and Tokyo.
The benchmark Nikkei index broke above the 68,000 mark for the first time in nearly a month, buoyed by strong performances from heavyweight technology firms like Advantest and Tokyo Electron, which led the market's upward momentum.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
