Tokyo (EFE).- The main index of the Tokyo Stock Exchange, the Nikkei, rose 1.2% at the close of the session this Friday, after the actions of several American financial groups to help another bank in trouble It will help allay certain fears about the sector.
The Nikkei, which brings together the 225 most representative titles in the market, advanced 323.18 points, up to 27,333.79 integers.
The Topix, which includes the firms in the main section, those with the largest capitalization, added 1.15% or 22.32 points, to stand at 1,959.42 units.
The Tokyo parquet opened higher and extended gains, especially during the second tranche of trading, after a group of financial institutions, including JPMorgan and Goldman Sachs, announced that they will make a deposit of several tens of billions of dollars at First Republic Bank, in trouble.
Investors welcomed the decision after the recent bankruptcies of Silicon Valley Bank (SVB) and Signature Bank, and the problems revealed by the Swiss Credit Suisse, which have been sparking fears of a new global financial crisis at the current moment of rising inflation.
Also contributing positively to today’s gains in Tokyo were gains among semiconductor companies following the announcement on the eve of Japan’s decision to ease years-long restrictions on exports to South Korea of several key components for chip manufacturing.
The precision instruments sector accumulated the greatest advances of the day, along with air transport and electronic devices.
The manufacturer of analysis equipment for semiconductors Lasertec agglutinated the highest volume of operations of the day and rose 4.62%, after the beneficial impact for its business of the easing of trade restrictions to Seoul in a key sector for it.
The chip manufacturer Tokyo Electron added 2.92% and the technology and entertainment multinational Sony, 3.51%.
The banking sector also closed the day in positive and the three largest Japanese financial groups, Mitsubishi UFJ, Sumitomo Mitsui and Mizuho rose 0.39%, 0.01% and 1.96%, respectively.
In the main section, 1,350 companies were up versus 423 down, while 62 closed unchanged.
The trading volume amounted to 3.69 trillion yen (about 26,000 million euros).