The Nikkei rises 0.67% thanks to the technology boom

Nikkei, the main index of the Tokyo Stock Exchange, grew by 0.67% this Tuesday thanks to the boom in the technology sector. However, gains were limited due to rumors of an extension of the state emergency because of covid in Japan.

The Nikkei, which groups the 225 most representative titles in the market, advanced by 189.37 points to 28,553.98 integers.

The Topix, which includes the firms in the first section with the highest capitalization, added 0.34% or 6.48 points to stand at 1,919.52.

The Tokyo stock market opened higher and held gains throughout the session as investors were encouraged by buying between electronics and chip companies. Thanks to a reduction in concern about the yield of US bonds long-term, they fell on the eve.

However, today’s earnings were limited due to renewed concern about the Tokyo Olympics scheduled to open in July, after the United States advised against its citizens visiting Japan due to the situation of the pandemic, generating uncertainty about the future of the event.

Added to this are reports that the Japanese government is considering extending the state of emergency in force in the country’s most populated areas, including Tokyo, beyond May.

Konami recorded the highest increase

Brokerage houses reaped the day’s most significant gains, along with the iron and steel, and electronics sectors.

Konami, the manufacturer of toys and video games, recorded the highest increase among the companies listed on the Nikkei. It gained 4.28%, followed by Kobe Steel and Japan Steel Works, whose shares appreciated 3.62%.

Nintendo, the video game developer, and distributor brought together the highest volume of operations in the session and rose by 2.69%.

It was followed by the technology group Softbank, which advanced 0.54%. The technology company Sony added 2.33%.

In the first section, 698 companies advanced compared to 1,417 that fell. Meanwhile, 77 closed unchanged. The trading volume amounted to 2.2 trillion yen.