Nikkei rises to fresh 29-yr high in morning, tech shares lead gains

©Kyodo News

The Nikkei index rose to its highest level in over 29 years Thursday morning on buying in technology shares, though gains were partly eroded by profit-taking following the index's strong advance the previous day.

The 225-issue Nikkei Stock Average rose 109.53 points, or 0.43 percent, from Wednesday to 25,459.13, its highest intraday level since June 5, 1991. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.30 points, or 0.25 percent, at 1,724.77.

Gainers were led by information and communication, and precision instrument issues, while real estate, and iron and steel issues led decliners.