Nikkei Rises, Chips Lead - Will the Rebound Continue?
The Nikkei index rose 1.5% to 50,979.20 in early trading, driven by a weaker yen and a rebound in US technology stocks overnight. Positive sentiment quickly spread to semiconductor-related stocks, providing a strong boost at the market open.
Kioxia Holdings shares jumped 6.0%, while SoftBank Group rose 2.5%, leading the tech sector's advance. The weaker yen also boosted exporters' prospects; USD/JPY stood at 154.03, up from 153.64 at Wednesday's close, making the earnings potential of export-based companies more attractive.
Investors are now watching for performance releases and signals from Prime Minister Sanae Takaichi's economic policy. Fujifilm Holdings and Suzuki Motor are scheduled to release earnings reports today, which could determine the next direction—whether the rally continues or the market returns to being selective in assessing valuations and profit prospects. (az)
Source: Newsmaker.id