Tokyo: Japanese stock indices closed mixed at the end of Wednesday's trading. The Nikkei index, composed of 225 listings, rose by more than one percent, supported by gains in technology stocks, while the broader Topix index fell as bank shares declined after a sharp rise.
According to Qatar News Agency, the Nikkei ended Wednesday's session up 1.14 percent, reaching 49,864.68 points, while Topix fell by 0.2 percent, registering 3,334.32 points. Chip-related stocks jumped, with the shares of SoftBank Group, a technology investor, rising by 6.38 percent, and the shares of Advantest and Tokyo Electron advancing by 5.3 percent and 4.73 percent respectively.
Shares of major Japanese banks declined; shares of Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group fell by 2 percent each, while Mizuho Financial Group lost 1.3 percent. Automotive stocks also pressured the Topix index amid market concerns that recent yen gains could cut into profits, as Toyota Motor and Honda Motor shares fell by 1.31 percent and 0.76 percent respectively, and Nissan Motor shares dropped by 1.89 percent.
Of more than 1,600 stocks traded on the main market of the Tokyo Stock Exchange, 26 percent rose, 69 percent declined, and about 3 percent were little changed.