Technology

Nikkei Closes Higher Ahead of Economic Data

By Retail Companies

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Nikkei Closes Higher Ahead of Economic Data

Tokyo, September 10 (QNA) – The Japanese Nikkei index closed at a record high on Wednesday, recording positive performance influenced by overnight gains on Wall Street. This comes as traders monitor economic data for indicators that may affect the monetary policy directions of the central banks in the US and Japan.

Technology stocks led the rally, with the Nikkei index rising 0.9 percent to close at an unprecedented level of 43,837.67 points. The broader Topix index also increased by 0.6 percent.

SoftBank Group’s stock was the top gainer on the Nikkei index, rising 7.3 percent, followed by Furukawa Electric, which gained 5.7 percent. On the downside, Sumitomo Pharma’s stock was the biggest loser, falling 4.1 percent, followed by Mazda Motor, which closed down 3.4 percent. (QNA)