Tokyo: Stocks close higher on high-tech gains

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[TOKYO] Tokyo stocks rallied on Thursday as major high-tech shares rebounded, with the Nasdaq back on the upswing after a pullback. Read more at The Business Times.

Investors remained cautious ahead of the European Central Bank's meeting later in the day as its decision could move currency rates, brokers said.

The US dollar fetched 106.13 yen in Asian afternoon trade, against 106.12 yen in New York late Wednesday. In Tokyo, SoftBank Group, which has heavily invested in US high-tech shares, jumped 2.16 per cent to 5,800 yen following a five-day losing streak.But some chip-linked shares remained under selling pressure. Chip-making equipment manufacturer Tokyo Electron lost 1.67 per cent to 25,590 yen while Advantest, creator of semiconductor testing equipment, fell 1.30 per cent to 4,915 yen.For daily updates on weekdays and specially selected content for the weekend.

 

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