Nikkei Average Opens Higher, Extending Gains on US Semiconductor Stock Rally

Reuters··Read original
3▲3 ▼0Impact / 5
Summary · why it matters

The Nikkei average opened at 67,989.74 yen, up 0.36% from the previous trading day, extending its gains, and later briefly expanded its rise to 1.5%. The market welcomed the fact that the US consumer price index came in below market expectations, and the three major stock indexes ended in positive territory, led by semiconductor stocks. Advantest surged, Tokyo Electron edged higher, and bank stocks such as Mitsubishi UFJ Financial Group were firm. Toyota Motor and Fast Retailing were steady.

Impact on assets 5

Semiconductors▲
Advantest Corp.
6857
▲ PositiveDemandrelevance

Advantest surged, leading gains as US semiconductor stocks rallied on lower-than-expected CPI.

Tokyo Electron Ltd.
8035
▲ PositiveDemandrelevance

Tokyo Electron edged higher, benefiting from US semiconductor stock rally driven by favorable CPI data.

Financials▲
Electrification & Mobility▲
Consumer Discretionary▲