Nikkei Gains on Tech Strength Before Jackson Hole
The Japanese Nikkei index rose by 0.8%, reaching 66,682 points, supported by gains in technology and semiconductor stocks, especially those of Advantest and Tokyo Electron, which increased by 2.1% and 1.5%, respectively. This rise occurred ahead of the Federal Reserve Chairman's speech at Jackson Hole, where inflation concerns and uncertainty about future policies are impacting global markets. Meanwhile, other Asian markets experienced declines, such as Hang Seng and CSI 300, while the S&P and Nasdaq futures remained stable as investors awaited global earnings reports.
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