Nikky Gains amid Chip Stock Rise
The Japanese Nikkei index rose by 0.71% to close at 61,867.43 points, supported by strong earnings forecasts announced by Advantest, which raised its annual operating profit expectations by 35% amid increased demand for chip testing equipment linked to the AI boom. Shares of semiconductor companies such as Tokyo Electron, Kioxia, and Morata increased between 2.92% and 4.48%. In contrast, bank stocks and the overall performance of the Japanese main market declined. Meanwhile, the Dow Jones showed a downturn, with the S&P 500, Nasdaq, and Jones declining due to drops in tech and chip company stocks following the Federal Reserve's decision not to raise interest rates. It is worth noting that the Japanese market experienced a 34% increase in stocks, compared to 63% declines, with only 1% of stocks remaining relatively unchanged.
Notice: This Is an AI-Generated Summary
Comments (0)