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Japanese Stocks End at Record High

Economy

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Tokyo, May 07 (QNA) - Japanese stocks closed at a record high at the end of trading on Thursday.

The Nikkei index rose to an all-time high, jumping 5.58 percent, its biggest gain in more than a year, to close at a record level of 62,833.84 points. The index reached 63,091.14, surpassing the 63,000-point level for the first time.

The broader Topix index also climbed 3 percent to close at 3,840.49 points.

A total of 174 stocks on the Nikkei rose, while 49 declined. Technology-sector suppliers were the biggest percentage gainers on the index, led by Ibiden, whose shares rose 22.4 percent, Sumco, whose stock jumped 19.7 percent, and Kioxia, whose shares gained 19.2 percent.

Meanwhile, shares of mining and export companies declined, with Inpex, Japan's largest oil and gas exploration company, falling 6.5 percent to become the biggest loser, while Honda Motor shares slipped 0.24 percent. (QNA)

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