Japan stock rally spreads beyond chip sector to construction

Obayashi leads way with 21% gain after upgrading capital efficiency plans

20240305N Stocks go up

The Nikkei Stock Average remained above the historically significant milestone of 40,000 on March 5. (Photo by Nanami Sato)

YOSHIKAZU IMAHORI, Nikkei staff writer

TOKYO -- Construction stocks led by Obayashi performed strongly in Tuesday's trading here, with the historic rally by Japanese equities broadening to general contractors that are moving to improve capital efficiency.

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