The Tokyo stock market was mixed on Thursday, the first trading day of 2024. The Nikkei Stock Average ended down 0.53 percent, while the broader Topix index finished up 0.52 percent. The market was closed from Monday to Wednesday due to the New Year holidays. Gainers on the Prime Market were led by marine transportation and oil and coal product issues, while decliners were electric appliance and precision instrument issues. The U.S. dollar briefly strengthened to the upper 143 yen range in Tokyo. Investors were reassured by U.S. futures rising after the Nikkei fell dramatically, and the yen’s weakness helped push buybacks on automaker and machine manufacturers. Technology shares were sold, but the index trimmed losses as investors bought on the dip and snapped up exporter-related shares on the yen’s weakness. Major exporter automaker Toyota Motor advanced 1.7 percent, and Honda Motor was up 2.1 percent, while semiconductor testing equipment maker Advantest was down 3.8 percent and Tokyo Electron fell 4.9 percent. Japan Airlines ended the day up 0.8 percent. Visit related coverage:
– Revamped NISA program launched
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– Tokyo stocks to reach new highs in 2024.
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