Japanese shares concluded the trading session on Thursday (Aug 13) with gains, as the Topix reached an unprecedented peak. This upward movement was driven by chip-related stocks mirroring the performance of their US counterparts, alongside a strong earnings forecast for domestic companies that bolstered market sentiment. The Nikkei increased by 1.16 percent to 68,308.59, whereas Read More
The Nikkei 225 Index declined by 0.93%, finishing at 65,683 on Thursday, as it retraced a portion of the gains from the prior session. This downturn was driven by renewed selling pressure on chipmakers and other technology stocks, amid ongoing apprehensions regarding the artificial intelligence sector. The losses occurred notwithstanding a further decrease in oil Read More
The Nikkei 225 Index increased by 0.71%, closing at 61,867 on Thursday, thereby breaking a two-session decline, as semiconductor stocks surged following Advantest’s announcement of a more robust-than-anticipated profit forecast. Shares of the chip-testing equipment maker surged over 10% following a 35% increase in its annual operating profit forecast, bolstered by strong demand fuelled by Read More
Japanese shares concluded the trading session on Wednesday with a mixed performance, as technology stocks experienced a rally in anticipation of significant earnings reports. However, the broader market faced pressure from increasing oil prices and a depreciating yen. The Topix increased by 0.45%, finishing at 4,033.13. The blue-chip Nikkei 225 experienced an increase of up Read More
Asian chip stocks experienced an uptick on Friday following the announcement of a trade agreement between the U.S. and Taiwan, propelling both the island’s market and South Korea’s index to unprecedented levels. Under the agreement, Taiwanese semiconductor companies committed to invest at least $250 billion in U.S. production capacity in exchange for reduced “reciprocal” tariffs. Read More
