Tech shares lead Nikkei to the highest level in two months

Japan’s Nikkei index rose more than 1% to reach its highest closing level in two and a half months on Wednesday, as investors bought technology stocks and chip-related stocks rose.

The Nikkei increased 1.26% to 39,694.50 points, the highest closing level since April 9, after touching the highest level in almost three months, at 39,788.63 points.

Technology-related stocks rose in Japan after a quiet period earlier this week, following the strong performance of artificial intelligence chip company Nvidia and other giant American technology companies overnight.

Advantest shares, which counts NVIDIA among its clients, jumped seven percent to become the biggest gainer in terms of percentage today, and Tokyo Electron shares increased 3.6%. Thanks to the two stocks, the Nikkei gained 231 points.