Japanese indices ended trading on Thursday, June 6, higher, led by chip-related stocks, after a similar rise on Wall Street.
At the end of the session, the Nikkei index rose by about 0.6% to 38,703 points after recording gains of more than 1% and exceeding the 39,000-point barrier. The broader Topix index rose by 0.3% to 275,723 points.
Of the more than 1,600 stocks listed on the Tokyo Stock Exchange's main market, 36% rose, 59% fell and 3% were unchanged.
Shares of Tokyo Electron, a maker of chip manufacturing equipment, jumped 3.46%, while chip testing equipment maker Advantest rose 3.91%.
Chip stocks jumped 4.5% on Wall Street overnight, helped by gains in Nvidia and Taiwan Semiconductor Manufacturing Co., which has a market value of more than $3 trillion, making it the world’s second-largest listed company.
All eyes are on the European Central Bank, which holds its monetary policy meeting later today, amid expectations that it will raise interest rates for the first time since September 2019 by 25 basis points.
