11 Hrs
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المشهد العربي
Nikkei climbs 2% on chip stocks
The Japanese Nikkei index rose by 2.28% to reach 66,500.29 points, supported by stocks of semiconductor and electronic companies, which gained over 4%. This came as a result of the US Federal Reserve succeeding in controlling bond yields and easing concerns about the depreciation of the Japanese yen, thereby boosting investors' risk appetite. This increase coincided with stable gold prices and the anticipation of US inflation data, while oil prices also saw new gains following attacks on Iranian tankers and ongoing rises in global markets.
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