Japanese equities rise as Wall Street reaches record highs and Advantest progresses



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TOKYO (Reuters) – Japanese stocks closed higher on Thursday after Wall Street records, but gains were limited as investors dismissed the monetary policy decisions of the European Central Bank and the US Federal Reserve on Thursday. next week.

The Nikkei benchmark <.N225> was up 0.22% at 21,756.55, after reaching the level of 21,823.07, its highest level since May 7th.

The ECB is expected to further ease monetary policy on Thursday and the Federal Reserve is set to lower interest rates by 25 basis points at its July 30-31 meeting.

Advantest's chip maker grew 20.2% after the company's profit yesterday showed that its sales from April to June were not as high as feared, due to the sustained demand for fifth-generation mobile phones and industrial intelligence.

The rest of tech stocks gained support after their US counterparts posted overnight gains, pushing the Nasdaq and the S & P 500 to record highs.

Semco, the maker of semiconductor products, grew by 2.44%, Rum Electronics (1.03%) and Tokyo Electron (3.63%).

Softbank, the group of heavyweights in the market, grew by 1.8%, after the media announced that the company was expected to announce a $ 40 billion investment in its Roya, a technology-driven company.

The broader TOPIX index <.TOPX> increased by 0.13% to 1,577.85.

Of the 33 stock exchanges in Tokyo, 19 closed higher.

(Reuters)

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