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Japanese stocks rise to record highs
Japanese stocks rose to a one-week high on Friday, boosted by gains in most sectors and the outstanding performance of chip-related stocks such as Sumco and Tokyo Electron.
The benchmark Nikkei <.N225> was up 0.2 percent at 22,396.80, its highest close since Nov. 10. But fell 1.3 percent over the week to break a nine-week winning streak.
Tokyo Electron, the semiconductor equipment maker, rose 1 percent and Semiconductor Corp., the semiconductor silicon chip maker, rose 4.9 percent.
The shares of consumer electronics manufacturers rose. Sony gained 0.7 percent and Panasonic gained 0.8 percent.
On the other hand, shares of utility companies and paper makers fell and were the worst performer in the market. Chopu Electric Power was down 1.1 percent, Hokuriku Electric Power 1.4 percent and Tokyo Gas 1.7 percent.
Shares in Nippon Paper Industries were down 1.4 percent and Ogee Holdings 1.2 percent.
The broader Topix index <.TOPX> was up 0.1 percent at 1,763.76. Finished
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