Japan’s benchmark Nikkei Stock Average jumped on Thursday as the market realized that individuals’ interest in buying stocks through a revamped tax-free program is stronger than expected.
The average closed at 39,773.14, up 321.29, or 0.81%, from Wednesday’s closing. It was up 791.47, or 2.01%, at one point, but gradually trimmed its gain.
Semiconductor-related stocks led the rise earlier in the morning, following a rebound in U.S. tech stocks. Chipmaking equipment manufacturer Tokyo Electron reached an all-time high.
JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.