Japanese shares track Wall Street higher, tech stocks lead gains

DeNA Co

07/07/2022 03:58

TOKYO, July 7 (Reuters) - Japanese shares rose on Thursday,
as investors continued to buy beaten-down technology stocks,
with sentiment underpinned by Wall Street's overnight gains.
    The Nikkei share average  .N225  gained 0.73% to 26,298.66
and the broader Topix  .TOPX  rose 0.65% to 1,867.98, by the
midday break.
    Wall Street closed higher overnight as investors digested
new clues on the U.S. central bank's approach to policy rate and
its inflation fight detailed in the minutes from the latest
Federal Reserve meeting.  US/ 
    "There was no additional shock from the Fed's minutes," said
 Shogo Maekawa, global market strategist at J.P. Morgan Asset
Management.
    "Recent positive U.S. economic data also erased concerns
about economic uncertainties." 
    Robot maker Fanuc  6954.T  rose 2.63% and gave the biggest
boost to the Nikkei index. Air-conditioning maker Daikin
Industries  6367.T  added 1.69%.
    KDDI  9433.T  climbed 1.41% after the mobile phone
operator's networks returned to normal after a nationwide system
failure which affected almost 40 million users earlier this
week.  urn:newsml:reuters.com:*:nL1N2YK017
    Aeon  8267.T  surged 9.88% to become the top gainer on the
Nikkei after posting a record quarterly profit.  urn:newsml:reuters.com:*:nXB1A9ETXI
    Sumitomo Mitsui Trust Holdings  8309.T  rose 0.66% after
announcing an investment of $1.5 billion in funds run by Apollo
Global Management  APO.N .  urn:newsml:reuters.com:*:nL1N2YN2M0
    Airlines  .IAIRL.T  and railways  .IRAIL.T  fell 0.77% and
1%, respectively, amid a rise in COVID-19 cases globally.
 urn:newsml:reuters.com:*:nL4N2YN3E0
    Department store chain J.Front Retailing Co  3086.T  was the
worst performer on the Nikkei with a 3.13% drop, followed by
railway company Keisei Electric Railway  9009.T , which lost 
2.99%.
    There were 154 advancers on the Nikkei index against 68
decliners.

 (Reporting by Junko Fujita; editing by Uttaresh.V)
 ((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters
Messaging:junko.fujita.reuters.com@reuters.net;))