TOKYO: Japan’s Nikkei share average closed more than 2% higher on Monday, led by chip and AI-linked stocks after gains in U.S. semiconductor shares.<\/p>\n
The Nikkei rose 2.12% to 66,399.84, its highest close since August 28. The broader Topix climbed 0.55% to 4,125.8.<\/p>\n
“With U.S. Treasury Secretary Scott Bessent seemingly curbing bond yields and stemming the fall of the yen, market volatility has fallen,” said Mamoru Shimode, chief strategist at Resona Asset Management.<\/p>\n
“That has made it easier for stock investors to shift to risk-on mode.”<\/p>\n
Chip-testing equipment maker Advantest and chip-making equipment maker Tokyo Electron rose more than 4% each. Technology investor SoftBank Group jumped 11.22%. Memory maker Kioxia rose 9.31%.<\/p>\n
Wall Street fell on Friday as a robust jobs report raised the probability of the U.S. Federal Reserve raising rates this month, but the semiconductor index rose 3.4%.<\/p>\n
Kokusai Electric jumped 7.64% after the Nikkei, the publisher of the 225-stock average, said on Friday it would add the chip equipment maker to the benchmark from October in a regular reshuffle.<\/p>\n
Camera and audio equipment maker Sony Group slipped 2.7%.<\/p>\n
Banks fell, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group down 1.96% and 1.51%, respectively.<\/p>\n
Of the more than 1,500 stocks trading on the Tokyo Stock Exchange’s prime market, 40% rose, 56% fell and 2% traded flat. – Bernama<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO: Japan’s Nikkei share average closed more than 2% higher on Monday, led by chip and AI-linked stocks…\n","protected":false},"author":2,"featured_media":87744,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[22096,55442,217,215,55441,55440,214,216,18140,55444,726,4205,909,6851,5923,55443],"class_list":["post-87743","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-advantest","tag-ai-linked-stocks","tag-business","tag-business-of-japan","tag-chip-stocks","tag-jaoan","tag-japans-business","tag-japanese-business","tag-kioxia","tag-kokusai-electric","tag-markets","tag-nikkei","tag-softbank","tag-tokyo-electron","tag-tokyo-stock-exchange","tag-u-s-semiconductor-shares"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/87743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=87743"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/87743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/87744"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=87743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=87743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=87743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}