TOKYO: Japan’s Nikkei share average traded higher on Wednesday, tracking overnight gains on Wall Street, but the advance was checked as investors grew cautious ahead of chip equipment maker ASML’s earnings due later in the day.<\/p>\n
The Nikkei was up 0.58 per cent to 68,136 as of 0152 GMT, after rising as much as 1.5 per cent earlier in the session.<\/p>\n
The broader Topix edged up 0.21 per cent to 4,047.62.<\/p>\n
Overnight, the S&P 500 and the Nasdaq advanced as solid results from big banks and a cooler-than-expected inflation report boosted risk appetite amid rising tensions in the Middle East.<\/p>\n
The US semiconductor index, a barometer for Japanese chip-related shares, rose 2.54 per cent.<\/p>\n
“The US shares were strong overnight, but the market is now cautiously waiting for the outcome of ASML earnings,” said Hitoshi Asaoka, chief strategist at Asset Management One. The Netherlands-based ASML, the biggest supplier of equipment used to manufacture AI chips, reports quarterly earnings on Wednesday, looking to justify its chunky valuation and demonstrate how it will contend with US moves to block exports to China.<\/p>\n
Its peer Tokyo Electron rose 2.67 per cent, and chip-testing equipment maker Advantest was up 3 per cent.<\/p>\n
Financial stocks rose, with Mitsubishi UFJ Financial Group and Nomura Holdings gaining 1.5 per cent and 2.87 per cent, respectively. Shares of system developers fell following a 25 per cent decline of IBM overnight after the company warned second-quarter revenue would fall below estimates.<\/p>\n
NEC and Nomura Research fell 5 per cent each, while computer maker Fujitsu was down 4.2 per cent. Consulting firm BayCurrent fell 5.17 per cent.<\/p>\n
SoftBank Group fell 2.74 per cent, weighing most on the Nikkei. Uniqlo-brand owner Fast Retailing slipped 0.49 per cent.<\/p>\n
Of more than 1,500 stocks trading on the Tokyo Stock Exchange’s prime market, 57 per cent rose, 38 per cent fell and 3 per cent traded flat.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO: Japan’s Nikkei share average traded higher on Wednesday, tracking overnight gains on Wall Street, but the advance…\n","protected":false},"author":2,"featured_media":31004,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[3525,65,20405,20404,20403,20402,20406,7719,20407,9102,20409,20408,15546,14872,20410],"class_list":["post-31003","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-analysis","tag-asml","tag-bursa","tag-bursa-malaysia","tag-bursa-screener","tag-bursascreener","tag-klse","tag-kuala-lumpur","tag-kuala-lumpur-stock-exchange","tag-research","tag-screener","tag-stock-exchange","tag-stock-screener","tag-technical","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/31003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=31003"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/31003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/31004"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=31003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=31003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=31003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}