Saturday, 17 August 2019
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Nikkei Rises on Tech Gains; Sony Jumps on Buyback, Microsoft Tie-Up
Friday, 17 May 2019 10:41 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japan™s Nikkei share average jumped on Friday and looked set to end the week with a slight gain, led by rallies in Sony and technology shares, though concerns about U.S.-China tensions kept many investors cautious.

The Nikkei rose 1.56% to 21,391 points by midday. For the week, it was on track to add 0.2 percent.

The broader Topix rose 1.59% to 1,561.94, up 0.8% so far this week.

The rally was led by electric machinery and precision machinery makers, which both rose more than 2%.

Sony jumped 9.9% after it announced a share buyback and strategic partnership with Microsoft Corp on areas such as streaming games, media and new image sensors.

Source : Reuters

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