Tokyo shares close higher extending US gains

Tokyo shares close higher extending US gains
Tokyo shares closed higher for a fourth instant session on Wednesday, extending rallies on Wall Street wherein traders had been endorsed with the aid of brisk retail sales statistics.
The benchmark Nikkei 225 index won 0.94 percent, or 251.45 factors, to cease at 26,911.20, even as the broader Topix index climbed 0.96 percent, or 17.98 factors, to 1,884.69.
“The Nikkei index opened higher, extending gains of the three major US indices,” Online Okasan Securities said.
“Traders bought chip-related shares, in particular, reacting positively to a significant jump in the SOX index,” it said, referring to a US index with many semiconductor-related companies.
Renesas Electronics jumped 3.72 percent to 1,447 percent after the company announced it will reopen a semiconductor plant that closed in 2014.
Chip-testing equipment maker Advantest rose 1.73 percent to 8,790 yen while chip-making equipment manufacturer Tokyo Electron gained 2.86 percent to 59,700 yen.
Nissan climbed 3.71 percent to 502.5 yen while Toyota rose 0.54 percent to 2,044 yen. Honda added 1.35 percent to 3,219 yen.
Japan’s GDP inside the first area to March become down 0.2 percent, in line with data published earlier than the whole bell.
The dollar fetched 129.08 yen, in opposition to 129.37 yen in New York.
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