TOKYO -- Blue chips in the Japanese electronics industry are experiencing a renaissance of sorts in the stock market after undergoing drastic restructuring.
The Nikkei Stock Average snapped a four-day winning streak Friday, falling 39 points to 16,860. But sensor maker Keyence gained for a fifth straight day, touching an all-time high of 76,890 at one point. Mitsubishi Electric and Hitachi -- among the biggest large caps in the electrical machinery sector, are also benefiting from a buying frenzy by major U.S. asset managers and other overseas investors.