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Tokyo, July 01 (QNA) – Japan’s Nikkei extended gains for a third straight session on Wednesday, lifted by artificial intelligence-related stocks, though investor caution erased much of its early advance.
The Nikkei 225 rose 0.59% to close at 70,474.96, after climbing as much as 2.7% earlier in the session. The broader Topix index gained 0.42% to finish at 4,011.50.
Market breadth was negative, with 127 stocks declining, 96 advancing and two ending unchanged on the Nikkei.
Chip-related stocks led the gains. SUMCO Corp. surged 17.37% to its highest closing level since October 2007, while Taiyo Yuden Co. climbed 12.43% to a record close. SCREEN Holdings Co. advanced 9.46% to an all-time closing high.
Among the laggards, Kawasaki Heavy Industries Ltd. fell 7.66% after a volatile session, while J. Front Retailing Co. dropped 7.6%, making it one of the index’s worst-performing stocks. (QNA)
