The Japanese stock market advanced on Thursday, marking the fourth consecutive session of gains. The Topix index rose 0.67% to an all-time closing high of 3381.72. The broader market was supported by a rally in value stocks. The Topix's gains were led by the electronics sector, with chip-related company Advantest's stock surging 4.24% to become the top contributor to the Nikkei index. Shares of optical fiber manufacturer Fujikura also increased by 3.16%. Consequently, the Nikkei index climbed 0.43% to close at 51,281.83. This positive trend was bolstered by the resolution of the longest U.S. government shutdown in history.
Japanese Stocks Rally as U.S. Government Shutdown Ends
The Topix and Nikkei indices in Japan hit record highs, driven by a tech sector rally and the end of the U.S. government shutdown.