Japan’s Nikkei Index Records Best Quarterly Performance on Technology Rebound

Doha: Japan's Nikkei index rose on Tuesday, boosted by a rebound in technology stocks that helped the index achieve record quarterly gains.

According to Qatar News Agency, the Nikkei 225 index climbed 0.86% to close at 70,062.32. During the April-June quarter, the index surged 37 percent, marking its strongest quarterly performance on record since 1965. The broader Topix index also saw gains, increasing by 0.73% to reach 4,010.88.

The trading session saw some fluctuations, with the Nikkei dipping at certain points. At the close, stock performance was mixed, with 104 stocks rising and 121 declining. Leading the gains was Taiyo Yuden, which surged 8.28%. Following closely were Furukawa Electric with a 7.04% increase and Screen Holdings, which climbed 6.20% to reach a record high.

Meanwhile, NEC recorded the most significant loss, falling 3.01%. Nitori Holdings followed with a 2.74% drop, and Konica Minolta declined by 2.31%.

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