Nikkei 813.88point gain, SoftBank 14% surge
10On the day in the Tokyo stock market, the Nikkei225rose on strength in U.S. semiconductor and AI stocks, 813.88points (1.20%) higher, and 68,557.73closed at . SoftBank Group surged 14% intraday.
10On the day at the Tokyo Stock Exchange, the Nikkei225rose 813.88points (1.20%) from the previous trading day to close at 68,557.73. The rally in U.S. semiconductor and AI-related stocks continued to have an impact.
The JPX Nikkei Index400closed at 36,572.31, and TOPIX ended at 4,036.08.
In U.S. markets, the Philadelphia Semiconductor Index (SOX) rose 3.06%. This trend led to buying in the Japanese market.
SoftBank Group surged intraday to 14%.
Advantest and Tokyo Electron at one point rose by around 5%, and these stocks together with SoftBank pushed the Nikkei index up by more than 800 points.
Kioxia Holdings climbed intraday to 8%, but pared its gains in the afternoon.
Fast Retailing fell by about 4% on profit-taking after it raised its earnings outlook.
The easing pace of gains in international oil prices somewhat reduced inflation concerns, while lower long-term yields supported investor sentiment. More than half of listed stocks on the Tokyo Stock Exchange Prime Market rose.
As for semiconductor news from the United States, reports said that investment demand for the stock-sale offering related to the listing of SK hynix’s American Depositary Receipts (ADR) was more than 7times the supply available for sale.
Sources: 뉴시스 경제
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