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Tokyo stocks end higher on dip buying of tech shares

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Tokyo stocks end higher on dip buying of tech shares

2026-07-14 18:55 Last Updated At:07-16 13:17

Tokyo stocks ended higher on Tuesday, buoyed by bargain-hunting in some heavyweight technology shares.

The benchmark 225-issue Nikkei Stock Average ended up 500.77 points, or 0.74 percent, from Monday at 67,743.50.

The broader Topix index finished 31.49 points, or 0.79 percent, higher at 4,038.98. On the top-tier Prime Market, mining, marine transportation, and chemical issues were notable gainers.

The market swung between gains and losses amid growing concern over oil supplies after U.S. President Donald Trump said Washington was reinstating a naval blockade on Iran in the Strait of Hormuz.

Analysts said persistent uncertainty surrounding the Middle East conflict, coupled with higher oil prices, is keeping investors cautious.

Heavyweight semiconductor and artificial intelligence-related shares initially tracked overnight losses on Wall Street, dragging the Nikkei index down by nearly 1,000 points at one stage.

However, bargain-hunting emerged following recent declines, lifting the market to end in positive territory.

Tokyo stocks end higher on dip buying of tech shares

Tokyo stocks end higher on dip buying of tech shares

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 6.7884 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.7884 against USD Monday

Chinese yuan strengthens to 6.7884 against USD Monday

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