The Nikkei index closed at its highest level in 3 weeks on Wednesday, August 30, as investors repurchased stocks that had fallen in price, driven by an overnight rise on Wall Street that raised market sentiment.
The Nikkei ended the session up 0.33%, recording 32,333.46 points, the highest level since August 10, following continuous gains for the third session in a row.
The broader Topix index rose 0.43% to 2,313.38 points.
Wall Street
Wall Street closed sharply higher overnight after a decline in the number of monthly new jobs reinforced expectations of a halt to the US Federal Council raising interest rates.
Tokyo Electron, a manufacturer of chip manufacturing equipment, rose 0.97%, providing the largest support to the Nikkei. Advantest, a manufacturer of chip testing equipment, and Kyocera, a manufacturer of electronic components, also rose 0.7%
2.33%.
The banking sector rose 1.41%, becoming the best performing sub-sector among the 33 Tokyo Stock Exchange sub-sectors.
Toyota Motor shares rose 1.03% after the world's largest car company by sales volume said it would resume operations at assembly plants in Japan on Wednesday after a malfunction in one of the production systems led to the cessation of local production.
The performance of retail company stocks was weak, with the shares of companies operating department stores declining. Takashimaya shares fell 1.49%, recording the worst performance on the Nikkei. Shares of Seven & I, which operates food stores, fell by 1.6%, and Fast Retailing, which owns the Uniqlo brand, fell by 0.63%, which put the greatest pressure on the Nikkei.
