Nikkei Rises Slightly on Chip Stocks, Market Wary of Middle East Tensions
Japan's Nikkei stock index rose 0.1% to 38,819.49 on Wednesday morning. The increase was driven by gains in chip stocks such as Tokyo Electron, which jumped 3.1%, and Kioxia Holdings, which rose 2.8%. However, the gains were held back by declines in trading and financial companies, such as Itochu Corp., which fell 1.9%, and Dai-ichi Life Holdings, which fell 1.4%.
Meanwhile, the broader Topix index fell 0.2% to 2,776.15. The dollar exchange rate against the yen also weakened to 144.80 from 145.12 at the previous market close. Investors are still watching developments in the Middle East because they could have a major impact on global energy prices.(ayu)
Source: Japan's Nikkei stock index rose 0.1% to 38,819.49 on Wednesday morning. The increase was driven by gains in chip stocks such as Tokyo Electron, which jumped 3.1%, and Kioxia Holdings, which rose 2.8%. However, the gains were held back by declines in trading and financial companies, such as Itochu Corp., which fell 1.9%, and Dai-ichi Life Holdings, which fell 1.4%.
Meanwhile, the broader Topix index fell 0.2% to 2,776.15. The dollar exchange rate against the yen also weakened to 144.80 from 145.12 at the previous market close. Investors are still watching developments in the Middle East because they could have a major impact on global energy prices.(ayu)
Source: Newsmaker
