TOKYO, July 3 (Xinhua) — Tokyo stocks closed higher on Wednesday, tracking gains of tech heavyweights in the overnight Wall Street market.
Japan’s benchmark Nikkei stock index rose for the fourth straight trading day, up 506.07 points, or 1.26 percent, from Tuesday to close the day at 40,580.76.
The broader Topix index, meanwhile, finished 15.56 points, or 0.54 percent, higher at 2,872.18, its highest close since Dec. 29, 1989.
Market watchers here noted that semiconductor-related shares were bought here in Tokyo tracking gains on Wall Street overnight after U.S. electric carmaker Tesla Inc.’s deliveries in the second quarter declined less than expected from a year earlier.
Local analysts also pointed out that the scope of the artificial intelligence (AI)-related market is expanding to include electronic components as well from the current scenario where semiconductor-related companies such as Advantest have been the main beneficiaries of AI development, pushing up stock prices of related issues in the afternoon.
On the top-tier Prime Market, gainers were led by machinery, marine transportation, and consumer credit issues.
Advancing issues outnumbered declining ones by 980 to 616, with 49 issues remaining unchanged.
