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Nikkei Index Stays Volatile Amid Semiconductor Fluctuations
The Japanese Nikkei index showed mixed performance, rising by 0.21% to reach 64,461.68 points, amid uneven movements in semiconductor sector stocks and influenced by a more than 3% drop in the "Broadcom" share following revenue forecasts below expectations. Meanwhile, the broader TOPIX index gained 0.91%, with some companies related to chips and artificial intelligence exhibiting mixed results: "Advantest" and "Fujikura" shares declined, while "QEXIA" and "Tokyo Electron" saw gains. The variation is attributed to the combined impact of declining bond yields, falling crude oil prices, and ongoing uncertainty in the semiconductor sector, with "Broadcom" shares acting as a barrier to gains in the Japanese market.
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