Japan share market finished session higher on Friday, 25 September 2020, as investors chased for bargain hunting on mirroring the overnight gains in US markets on expectations for progress in deadlocked talks in the United States on a fresh economic relief package over the novel coronavirus crisis, as well as better-than-expected U. S. new home sales data for August. The Tokyo market was also supported by stable moves of the dollar-yen pair.
At closing bell, the 225-issue Nikkei Stock Average was up 116.80 points, or 0.51%, to 23,204.62.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange advanced 7.79 points, or 0.48%, to 1,634.23.
Technology shares advanced after SEMI, a global industry association for electronics manufacturing, revised upward its forecast for global sales of semiconductors for 2020. Among high-tech issues, chip-making machine manufacturer Screen Holdings gained 2.2%, ceramic electrical component supplier Taiyo Yuden rose 2.5%, and electric component manufacturer Murata was up 1.3%.
Financial issues, including megabank group Mitsubishi UFJ Financial Group Inc. and brokerage giant Nomura Holdings Inc., gained ground, tracking their U. S. peers' advances Thursday.
Parcel delivery group SG Holdings Co. surged 14.7% after announcing an upward revision to its profit estimate, a stock split plan and a plan to increase dividend payments.
NGK Insulators surged 8.9% after the electric parts maker revised upward its operating profit forecast for the year through March 2021.
CURRENCY NEWS: The Japanese yen traded at 105.41 per dollar, having weakened from levels below 104.4 against the greenback this week
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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