Japanese stocks rise after U.S. Treasury move
Japanese stocks rose by over 2%, driven by gains in semiconductor companies, amid improving sentiment following U.S. Treasury Secretary Scott Bissent's successful effort to control bond yields and halt the yen's decline. This helped reduce market volatility and attracted investors to take on more risk. The Nikkei index increased by 2.28%, reaching 66,500 points, while the broader Topix index rose by 0.81%. Shares of companies such as Advantest, Tokyo Electron, and Qimo saw gains exceeding 4%, with Qimo’s stock climbing by 6.8%.
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