Nikkei Gains Over 1% on Chip Stocks

The Japanese Nikkei index continued its rise for the fifth consecutive day, increasing by 1.30% to close at 66,364.20 points, primarily supported by gains in semiconductor and artificial intelligence stocks. The banking and chip sectors led the gains amid rising demand for high-yield stocks and strong expectations for dividends before their maturity dates in Japan. This comes amidst a global wave of technological and semiconductor stocks driving market gains, reinforced by economic data and the strong stance of central banks, which support investor confidence.

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