Tokyo stocks end higher

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Tokyo Stocks أخبار

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Tokyo stocks ended higher on Thursday on the back of bumper results from US chip giant Nvidia.

This photo taken on May 2, 2024 shows a plaque on the outside of the Tokyo Stock Exchange headquarters building in the Nihonbashi area of Tokyo. The benchmark Nikkei 225 index added 1.26 percent, or 486.12 points, to end at 39,103.22, while the broader Topix index was up 0.64 percent, or 17.39 points, at 2,754.75.After the US market close, Nvidia said its quarterly revenue hit a new high on demand for chips to power artificial intelligence in data centres.

The result fuelled hope that “the rapid growth of artificial intelligence will continue, prompting the widespread buying of related shares in Tokyo,” IwaiCosmo Securities said. Amid the political upheaval in Rivers State, Gov. Siminalayi Fubara, yesterday, declared to the investment community that the state is ready for business, calling on investors to pour in for the impressive opportunities for high returns.

Nigerians continue to pay more as the National Bureau of Statistics reported, yesterday, that the average retail price of automotive gas oil increased by 68.01 per cent in the past year.

 

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