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 modest climb


Chip sector leads Tokyo stocks in modest climb

The Japan Times

The popularity of the semiconductor sector helped Tokyo stocks extend their gains on Friday. The 225-issue Nikkei average rose 49.21 points, or 0.22 percent, to end at 22,799.81, The key market gauge grew 125.22 points Thursday. The Topix index of all issues listed on the first section of the Tokyo Stock Exchange finished up 4.70 points, or 0.29 percent, at 1,648.44, after gaining 5.60 points the previous day. Stocks got off to a higher start led by chip-related issues after U.S. semiconductor giant Intel Corp. showed upbeat earnings estimates on Thursday, brokers said.