Nikkei Soars: Chips and Earnings Expectations Boost Market
The Nikkei 225 closed up around one and a half percent to around 49,000, driven by positive sentiment from Intel's sales prospects. Semiconductor stocks like Advantest and Disco also gained, while SoftBank Group was a major driver of the index's rally. The market mood felt more bullish after the chip sector was "bought back," resulting in healthy inter-sector rotation.
Investors are also looking ahead to the next week of earnings reports, including from US tech giants like MetaTrader, Alphabet, and Microsoft. Solid results are expected to maintain buying momentum. Domestically, the Topix index also strengthened, indicating broad market support, despite some weakening stocks. Overall, today's sentiment is pro-risk: chips are leading the way, and earnings expectations remain high. (az)
Source: Newsmaker.id