Chip stocks boost Nikkei as tensions with Iran escalate

Japanese stocks rose, led by semiconductor companies and the technology sector, as the Nikkei 225 index increased by 1.5% to reach 67,832.41 points. The gains came amid a decline influenced by Middle East tensions following the end of the temporary agreement with Iran and the US escalating retaliatory actions, with oil prices rising by about 1%. Shares of Quxia, a company specialized in chips, jumped 9.4%, while the market experienced widespread declines, with the shares of 156 companies falling compared to only 68 that advanced.

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