Nikkei gains as retailers surge on tourism boost, chip stocks rebound

Japan’s Nikkei share average rebounded from losses seen on Wednesday, spurred by the surge in retailers on the back of an increase in foreign visitors, and a rise in semiconductor shares despite early declines. The index added 0.18% to 28,657.57, closing near the day’s high. The broader Topix finished the day slightly lower at 2,039.73. The best performers were banking and insurance sectors, and paper & pulp, while mining incurred the biggest losses. The Nikkei had 128 stocks in the green, 88 in the red and nine remaining flat.