TOKYO, April 22 (Reuters) - Japan's Nikkei share average
hit a record high on Wednesday, supported by a handful of
heavily weighted tech stocks such as SoftBank Group, though
uncertainty over U.S.-Iran peace talks tempered sentiment.
The Nikkei initially struggled for direction in
early Asian trade but was last up 0.5% at 59,644.37. The broader
Topix fell 0.6% to 3,747.69.
Heavily weighted stocks supported the benchmark index, with
tech investment conglomerate SoftBank Group rising 9.3%
and chip-testing equipment maker Advantest ( ADTTF ) advancing
2.2%. Together, they lifted the index by about 385 and 156
points, respectively.
"While some stocks related to artificial intelligence, data
centres and semiconductors are driving gains, the number of
stocks rising overall is not that large. That kind of pattern
seems to be continuing today as well," said Kensuke Togashi,
chief strategist at Daiwa Asset Management.
U.S. President Donald Trump said on Tuesday he would
indefinitely extend the ceasefire with Iran, hours before it was
set to expire, to allow the two countries to continue peace
talks to end the conflict. It was not immediately clear whether
Tehran or the U.S. ally Israel would agree to the extension.
There were 42 advancers on the Nikkei index against 181
decliners.
On the flip side, Sapporo Holdings ( SOOBF ) shed 6.1% to
become Nikkei's biggest percentage loser, after the Japanese
brewer said it would exit the craft beer business in the U.S.
and sell Stone Brewing just four years after acquiring it.
Video games and entertainment company Konami Group ( KNAMF )
lost 3.7%, and gold and nickel mining company Sumitomo Metal
Mining ( STMNF ) declined 3.2%.