Japanese Market Advances
TOKYO (dpa-AFX) - The Japanese stock market is advancing on Wednesday after U.S. stocks rallied overnight amid optimism about a new fiscal stimulus bill. Tech giant Apple's suppliers in Japan also advanced after the Nikkei reported that Apple plans to increase iPhone production in the first half of 2021.
The benchmark Nikkei 225 Index is adding 82.95 points or 0.31 percent to 26,770.79, after touching a high of 26,874.98 earlier. The Japanese market closed lower on Tuesday.
Market heavyweight SoftBank Group and Fast Retailing are adding 0.6 percent each. In the tech space, Advantest is declining more than 1 percent and Tokyo Electron is down 0.2 percent.