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Indonesia News Portal for Traders | Financial & Business Updates

12 September 2024 15:11  |

Nikkei and Taiex Lead Gains in Asia, as Tech Stocks Rally on Renewed AI Enthusiasm

Asia-Pacific markets rose Thursday, tracking gains on Wall Street fueled by a tech rally.

Japan's Nikkei 225 jumped 3.41% to close at 36,833.27 and The Taiwan Weighted Index advanced 2.96% to finish at 21,653.25.

During the trading session, chipmakers and related companies extended the global chip rally, as the bullish investor sentiment spilled over to Asia.

Tokyo Electron rose 4.8%, Advantest was up 9% and Renesas Electronics was 3.47% higher. SoftBank Group, which owns a stake in chip designer Arm, jumped 8.4%.

In South Korea, the Kospi was 1.67% higher and the small cap Kosdaq gained 3%. SK Hynix and Samsung Electronics soared over 8% and 1.85%, respectively.

Source : CNBC

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