The Tokyo stock exchange managed to close above 30,000 points on Thursday due to substantial price gains from the Japanese chip companies.
Investors took to the new record levels on Wall Street. Besides, the results of the Bank of Japan’s interest rate meeting, which will be announced on Friday, were also looked forward to.
The Nikkei in Tokyo ended with a 1 percent gain at 30,216.75 points. It was the first time since February 25 that the main index was able to close above the 30,000 point level.
Chip tester Advantest and chip equipment maker Tokyo Electron led the way with pluses of around 3 percent. Robot manufacturer Fanuc was also one of the strongest risers with a profit of more than 2 percent.
Japanese airlines ANA Holdings and Japan Airlines won more than 1 percent. The Japanese government’s advisory committee on corona measures has approved a plan to revoke the state of emergency in Tokyo and the surrounding area as scheduled on March 21.
The Chinese stock markets also gained ground. The main index in Shanghai was 0.3 percent in the plus, and the Hang Seng index in Hong Kong was 1.4 percent in the meantime. Investors especially looked forward to the summit meeting between Chinese and US officials in Alaska.