Global Market: Japan’s Nikkei Hits Six-Week High as Chip Stocks Rally on AI Optimism
10 Articles
10 Articles
Asian stock exchanges rising in the wake of Micron's best expectations, which push the technology securities sector, while the decline in oil temporarily stops sales on bonds and government bonds. (ANSA)
The Economic Times
Times of IndiaGlobal Market: Japan’s Nikkei hits six-week high as chip stocks rally on AI optimism
Japan's Nikkei share average soared to a six-week peak, buoyed by chip sector stocks after favorable earnings guidance from Micron Technology. The Nikkei 225 surged 2.28%, while the broader Topix remained relatively stable. Nevertheless, various stocks within the Nikkei faced downturns, particularly in finance. Analysts are wary about the durability of AI stock gains amid Micron's forecasts, with monetary policy talks suggesting possible interes…
The US 10-year yield is 5.3 percent and marks the highest level in 24 years. However, the Nikkei gains more than two percent – driven by Micron's quarterly figures.
In the last session the Tokyo Stock Exchange recorded a sharp rise, in contrast to the Eurper and American stock indices: the Nikkei 225 recorded a rally of about 3% supported mainly by the technology sector and semiconductor-related securities. The movement was fueled by the results and prospects of Micron Technology, which... Read more
Japan's shares rose by more than 3% during Thursday's dealings, with yen recording weaker performance than the currencies of the G-10 countries. After the summary of the recent Monetary Policy Meeting of the Bank of Japan disappointed investors who were expecting indications that policymakers were moving towards a faster tightening of monetary policy.
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