Nikkei Closes Up 0.3%, Led by Chips, Brokerages
Japanese stocks ended higher, led by gains in chip- and brokerage-related stocks, as concerns about borrowing costs eased.
Tokyo Electron rose 3.9% and Nomura Holdings gained 3.3%. The Nikkei Stock Index rose 0.3% to 38,572.60. The yield on the benchmark 10-year Japanese government bond fell 5 basis points to 1,200%.
Investors were focused on any developments in the Middle East after Israel and Hamas agreed to halt fighting in Gaza. USD/JPY was at 156.09, compared with 156.47 at 5 p.m. ET on Wednesday.
Source: Bloomberg