TOKYO -- The Nikkei Stock Average closed at 38,157 on Thursday, up 1.2% from the previous day, and reaching a 34-year-high, as chip-related stocks led the market higher, following gains on U.S. stock markets overnight.
Chip-related stocks lead way, following Wall Street rally overnight

Japan's Nikkei Stock Average on Feb. 15 topped 38,000 at the close of trade for the first time since Jan. 11, 1990. (Photo by Yuji Murakami)
TOKYO -- The Nikkei Stock Average closed at 38,157 on Thursday, up 1.2% from the previous day, and reaching a 34-year-high, as chip-related stocks led the market higher, following gains on U.S. stock markets overnight.