Tokyo, July 10 (Jiji Press)--Japan's benchmark Nikkei 225 stock average briefly climbed over 1,600 points Friday morning as technology issues fared well following overnight rises in U.S. peers. The index of 225 major issues listed on the Tokyo Stock Exchange's Prime section finished the morning at 68,943.76, up 1,199.91 points, or 1.77 pct, from Thursday's close. In the U.S. market overnight, semiconductor issues attracted strong demand due to favorable news related to chip companies. "Favorable factors in the U.S. market are pushing up purchases of artificial intelligence-related stocks" in Tokyo, said an official of a major securities company. The Nikkei index's rise was led by advances in SoftBank Group, Advantest, Tokyo Electron and other high-priced shares related to AI and semiconductors. "Funds are also flowing into stocks sensitive to economic trends," following a drop in crude oil prices, said an official of a midsize securities company. END [Copyright The Jiji Press, Ltd.]
Nikkei Average Briefly Rises over 1,600 Points in Morning
Tokyo, July 10 (Jiji Press)--Japan's benchmark Nikkei 225 stock average briefly climbed over 1,600 points Friday morning as technology issues fared well following overnight rises in U.S. peers. The index of 225 major issues listed on the Tokyo Stock Exchange's Prime
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