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Nikkei Rises 1.0% on Chip Gains, Financial Losses

Wall Street Journal Markets •
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Japan's Nikkei Stock Average rose 1.0% to 67401.66, driven by gains in chip stocks that offset declines in financial shares. Kioxia Holdings climbed 3.4%, while Tokyo Electron added 3.1%. In contrast, Mitsubishi UFJ Financial Group fell 2.4%, and Tokio Marine Holdings dropped 4.5%.

The broader Topix index declined 0.5% to 4087.50, reflecting mixed sentiment across sectors.

The U.S. dollar traded at 157.68 yen, up from 156.81 yen at the previous Tokyo market close. Investors remained cautious, monitoring developments in the Middle East conflict, crude oil prices, and bond yields.

Reporting by Kosaku Narioka.

Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing