Nikkei Advances on Advantest Gains
The Nikkei Japanese index rose by 0.81%, reaching 61,934.03 points, supported by gains in stocks of companies manufacturing electronic chip testing equipment. This increase is attributed to Advantest raising its annual profit forecast by 35%, with its shares jumping 10% following the announcement, reflecting increased demand for chip testing equipment due to AI-related expenditures. Additionally, stocks of other companies such as Tokyo Electron and QXIA showed notable gains, with Tokyo Electron's shares rising by 4.3% and QXIA's by 11%.
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