Japan's Nikkei hits two-week top amid jump in energy, chip shares [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
The Nikkei share average ended 0.7% higher at 27,311.30, after reaching a high of 27,399.19, a level not seen since Sept. 21. The benchmark faded in the final minutes of trading, after spending most of the afternoon preserving the strong gains from the morning. The broader Topix rose 0.5% to 1,922.47, also gaining for a fourth day and touching a two-week peak of 1,930.47. Gains were capped by caution ahead of a monthly U.S. jobs report on Friday and a market holiday in Japan on Monday, market players said. “From a technical perspective, the Nikkei gets top-heavy around the mid-27,000s,” said Kazuo Kamitani, an equity strategist at Nomura. “There's a very high hurdle to pushing above 27,500.” The Nikkei has climbed from as low as 25,621.96 on Monday, a level last seen on June 20. Energy was the best performing Nikkei sector, up 1.24% amid a rise in crude oil prices to multi-week highs. Chip shares also had an outsized influence on the Nikkei's gain, following a 0.94% ral
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MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website