Nikkei index jumps 2%, supported by tech shares, after losses ‎for four sessions

The Japanese Nikkei index jumped 2 percent today, Wednesday, after a series of losses that lasted for four sessions, as shares of technology companies rose, tracking the impact of their American counterparts, at the end of Tuesday’s trading.

According to “Reuters”, the Nikkei started the afternoon trading with a strong performance, to exceed the level of 33,000 points, before consolidating its gains with a final push at the end of the session, to end the trading, up 2.02 percent, at 33,193.99 points.

In all, 219 stocks rose and six stocks declined out of 225 stocks on the Nikkei index.

Technology stocks rose 2.6 percent, becoming the best performer on the Nikkei index

The index had fallen more than three percent over the previous four sessions, after reaching a 33-year high last week at 33,772.89 points.

The broader Topix index rose 1.99 percent to 2,298.60 points.

The Fast Retailing Company, which owns the Uniqlo brand, gave the Nikkei index the biggest boost, as it raised the index by 59 points, with its share rising 1.62 percent.

Chip maker Tokyo Electron and chip testing machine maker Advantest rose 2.66 and 3.73 percent, respectively.

The yen’s decline to its lowest level since November against the dollar boosted exporters, with Toyota Motor rising 2.82 percent. Financial sector stocks benefited from higher bond yields, with Nomura Holdings leading the gains, with its share up 3.74 percent.

On the other hand, the index of shipping companies shares declined 1.67 percent, after recording a jump of more than seven percent in the previous two sessions.

Kawasaki Kisen Kaisha fell 6.2 percent, the worst performer on the Nikkei index, and Nippon Yushin and Mitsui OSK shares fell 1.09 and 0.68 percent, respectively.