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Japan stocks rise, with chip companies boosting gains
Japanese shares closed slightly higher on Thursday, May 20, as gains in chip-related stocks, which traced their US counterparts, offset losses in cycle-related stocks.
The Nikkei index rose 0.19% to close at 28,098.25 points, after dropping as much as 0.80% earlier in the session, while the broader Topix index advanced 0.04% to 1,895.92 points.
Shares related to the economic cycle declined, as steelmakers' shares were the lowest among the 33 sub-indices on the main stock exchange.
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