Japan’s Nikkei Stock Average Rallies Over 1,200 Points, Led by Chip Stocks

Jiji Press

15:23 JST, August 13, 2024

Tokyo (Jiji Press)—Japan’s benchmark Nikkei 225 stock average rallied more than 1,200 points on Tuesday, led by semiconductor-related shares.

The Nikkei average finished 1,207.51points, or 3.45 pct, higher at 36,232.51, and the broader TOPIX index climbed 70.25 points, or 2.83 pct, to 2,553.55.

Chip-related issues attracted hefty buying after their U.S. peers rose on Monday, when the the Tokyo market was closed for a national holiday.