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Japanese shares rally on hopes of earnings recovery, chip output hike

Article content TOKYO Japanese shares rallied on Friday, on hopes of earnings recovery and gains in semiconductor-related shares as they look to raise their outputs to deal with a global shortage of chips. The Nikkei share average rose 1.13% to 29,720.62, reaching its highest level in two weeks. The broader Topix added 0.57% to 1,968.76. We apologize, but this video has failed to load. Try refreshing your browser, or Japanese shares rally on hopes of earnings recovery, chip output hike Back to video “We are entering a phase where the stock market rallies even as interest rates rise because of strong earnings growth. This stage will eventually lead to an overheated market but we are not there yet,” said Masayuki Kubota, chief strategist at Rakuten Securities.

Nikkei rally: Japanese shares rally on hopes of earnings recovery, chip output hike

Synopsis The Nikkei share average rose 1.13% to 29,720.62, reaching its highest level in two weeks. The broader Topix added 0.57% to 1,968.76. Agencies TOKYO: Japanese shares rallied on Friday, on hopes of earnings recovery and gains in semiconductor-related shares as they look to raise their outputs to deal with a global shortage of chips. The Nikkei share average rose 1.13% to 29,720.62, reaching its highest level in two weeks. The broader Topix added 0.57% to 1,968.76. “We are entering a phase where the stock market rallies even as interest rates rise because of strong earnings growth. This stage will eventually lead to an overheated market but we are not there yet,” said Masayuki Kubota, chief strategist at Rakuten Securities.

Nikkei hits 2-week high on hopes of earnings recovery, chip output hike

Tokyo s Nikkei closes above 30,000, first time since 1990

Tokyo's benchmark Nikkei index jumped nearly two percent Monday on hopes for business recovery, closing above the psychologically important 30,000 mark for the first time in more than three decades. The Nikkei 225 index rose 1.91 percent, or 564.08 points, to 30,084.15, the highest close since 1990. The broader Topix index advanced 1.04 percent, or 20.06 points, to 1,953.94. "The 30,000 mark is symbolic but it's still a waypoint," said Toshikazu.

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