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Tokyo: Nikkei hits intraday record high on boost from tech shares

Tokyo: Nikkei hits intraday record high on boost from tech shares

By Kim Browne

Culture

Japan’s Nikkei share average rose to an intraday record high on Thursday, led higher by technology shares, but gains were limited after the recent strength in the yen that weighed on exporters.

The Nikkei 225 Index rose 0.3 per cent to 44,938.40 in early trade, and briefly touched 45,055.99, surpassing the previous record set earlier in the week. The broader Topix was down 0.1 per cent.

There were 81 advancers on the Nikkei index against 137 decliners.

The largest percentage gainers in the index were Resonac Holdings, which surged 8.7 per cent, followed by Screen Holdings, jumping 4.8 per cent.

The largest losers were Tokyo Electric Power, down 4.4 per cent, followed by Tokyo Gas, which slid 4.1 per cent. REUTERS

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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