Market Commentary - Foreign Markets
Japanese Market Gains On Tech Stocks As on : 26-Jun-24  18:20

Japanese markets led regional gains as tech stocks tracked their U.S. peers higher. The Nikkei average closed up 1.26 percent at 39,667.07, after having reached its highest level since April 12 earlier.

The broader Topix index settled 0.56 percent higher at 2,802.95. The dollar traded near the 160-yen mark amid speculation the Bank of Japan could hike rates and outline major cuts to its bond-buying program in July.

Advantest, which counts Nvidia among its customers, soared 7 percent. Tokyo Electron rallied 3.6 percent and Screen Holdings added 2.1 percent.

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