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Japan’s Nikkei closed at a two-week high after retail sales data boosted Wall Street


The Japanese Nikkei hit a two-week high on Wednesday, May 18, and high-tech stocks led the way after U.S. stocks closed significantly higher overnight, supported by solid retail sales data.

The Nikkei index closed at 0.94% at 26,911.20 points, after briefly exceeding the level of 27000 points, recording the highest level closed since May 6.

The broader Topix index rose 0.96% to 1884.69 points.

U.S. stocks closed significantly higher overnight, with shares of Apple, Tesla and other major companies following retail sales data in April eliminating fears of slowing economic growth.

In Japan, Tokyo Electron was the largest supporter of the Nikkei index, rising by 2.8%, followed by NTT Data, which jumped 4.3%.

Shares of 165 companies rose and shares of 57 companies fell on the Nikkei index.

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