Japan's Nikkei tracks Wall Street advance, tech stocks lead gains – Reuters

TOKYO, Dec 24 (Reuters) – Japan's Nikkei index edged up on Friday with heavyweight technology stocks leading gains, taking cues from an overnight strong finish on Wall Street, in holiday-thinned trading.
The Nikkei share average (.N225) edged up 0.1% at 28,824.88 by 0203 GMT, and is set to gain about 1% for the week. The broader Topix (.TOPX) slipped 0.04% to 1,988.72, but is on course to post a 0.22% weekly gain.
"With fewer overseas participants and thinner trading volumes, investors bet on heavy technology heavyweights, which lifted the Nikkei," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.
"The market is much less volatile today, but after next week overseas participants will be back and the Japanese market could be lifted depending on the Wall Street performance."
Overnight, Wall Street's main indexes ended the holiday-shortened week on a positive note, buoyed by developments surrounding the Omicron coronavirus variant.
Vaccine makers AstraZeneca Plc (AZN.L) and Novavax Inc (NVAX.O) said their shots protected against Omicron as UK data suggested it may cause proportionally fewer hospital cases than the Delta variant. read more
However, public health experts warned the battle against COVID-19 was far from over.
In Japan, chip-making equipment maker Tokyo Electron (8035.T) led the Nikkei's gains, with a 1.56% rise. Air-conditioner maker Daikin Industries (6367.T) rose 1% and medical services platform M3 (2413.T) advanced 0.71%.
The Topix was weighed down by phone company NTT (9432.T), which fell 1.81%, and home appliances maker Mitsubishi Electric (6503.T), which slipped 2.24%.
Z Holdings (4689.T), up 3.33%, rose the most on the Nikkei, followed by Screen Holdings (7735.T), which advanced 2.24% and Hitachi Zosen (7004.T), gaining 2.17%.
Kawasaki Kisen Kaisha (9107.T), down 2.44%, was the worst performer on the Nikkei, followed by Sompo Holdings (8630.T) losing 2.36%.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved