Tokyo, Oct. 29 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average jumped 2.16 pct to close above 51,000 for the first time ever Wednesday, led by purchases of semiconductor-related issues. The Nikkei index rose 1,088.47 points to 51,307.65. Chip-testing equipment maker Advantest climbed 22 pct one day after raising its earnings forecasts for the year ending in March next year. Advantest’s rise alone pushed up the Nikkei by around 1,000 points. But the broader TOPIX stock index fell 7.63 points, or 0.23 pct, to 3,278.24. “Only some semiconductor stocks were bought, and there was a substantial amount of profit-taking selling,” an official at a Japanese asset management company said. Over 80 pct of stocks on the Tokyo Stock Exchange’s top-tier Prime section lost ground. “The stock market as a whole was mixed,” a Japanese bank official said, adding that the TOPIX represented the actual market condition better than the Nikkei did. END [Copyright The Jiji Press, Ltd.]
Japan’s Nikkei Stock Average Ends above 51,000 for 1st Time
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