The Japanese stock markets continued its winning streak on Thursday, extending gains from the prior session as the record-high closing levels of U.S. stock markets and the weaker yen provided a boost for investors' sentiment.
In midday trading, the benchmark Nikkei 225 Index rose by 66.86 points or 0.32 percent to 20, 948.13, rising from the 20, 980.92 seen in early trading. On Wednesday, the index finished at its highest level in 21 years.
In the forex market, the U.S. dollar traded in the lower band of the 112 yen-range.
Among the top performers was Chughai Pharmaceutical, which rose over 6 percent. Komatsu registered a gain of over 4 percent, while SoftBank rose more than 3 percent.
Exporters had mixed results despite the weaker Japanese currency. Canon and Mitsubishi rose 0.3 percent and 0.2 percent respectively. Meanwhile, Panasonic and Sony fell 0.2 percent and 1 percent separately.
Toshiba's reported efforts to speed up efforts to bolster flash memory production at one of its facilities in order to tackle the shortage of large-capacity digital storage for centers caused the company's shares to advance more than 4 percent.
After seeing a two-day record losing streak, shares of Kobe Steel added almost 1 percent.
The material has been provided by InstaForex Company – www.instaforex.com