Japanese Stocks Rise, Technology Sector Leading
Japanese stocks closed higher on Tuesday (June 30th), driven by a rebound in technology stocks and companies related to artificial intelligence (AI). The Nikkei 225 index rose 0.86% to 70,062, while the Topix index added 0.32% to 3,995.
This increase extended the previous session's gains, fueled by growing optimism about the global expansion of the AI industry. Japanese companies are considered to have a strategic position and strong investment in the sector, re-attracting investor interest.
Positive sentiment also came from the weakening of the yen to its lowest level in four decades. This helped improve the earnings prospects of export-oriented Japanese companies. Meanwhile, the market was also monitoring the continuation of the US-Iran peace talks in Doha, Qatar, while falling oil prices helped ease inflation concerns in Japan.
Several stocks that recorded significant gains included Taiyo Yuden, which rose 8.3%, Tokyo Electron, which gained 3.3%, and Fujikura, which surged 6.0%. Throughout June, the Nikkei and Topix also recorded their third consecutive monthly gains, rising 5.3% and 1.0%, respectively. (asd)
Source: Newsmaker.id
