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<Asia> Nikkei Rises 575 pts or 1%, Up 2.1% for Week
Japanese equities rose today (24th), with gains in US semiconductor stocks lifting related Japanese shares. Easing concerns over the Middle East situation also supported the broade...
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<Asia> Nikkei Rises 575 pts or 1%, Up 2.1% for Week
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Japanese equities rose today (24th), with gains in US semiconductor stocks lifting related Japanese shares. Easing concerns over the Middle East situation also supported the broader market. The Nikkei 225 opened up 267 points and extended gains throughout the session, at one point rising 623 points to a high of 59,763. It closed up 575 points, or 1%, at 59,716. For the week, the index gained 1,240 points, or 2.1%.

Among AI and semiconductor stocks, printed circuit board maker Ibiden (4062.JP) surged 12.6%, while Advantest (6857.JP) rose 5.5%. Lasertec (6920.JP) and SUMCO (3436.JP) gained 3.8% and 3.7%, respectively. SoftBank Group (9984.JP) and Tokyo Electron (8035.JP) climbed 2.1% and 0.8%. Disco Corp. (6146.JP) and Kioxia (285A.JP) fell 0.4% and 2.3%. Auto chipmaker Renesas Electronics (6723.JP) dropped 4.8%. Fiber optic stocks Furukawa Electric (5801.JP) and Fujikura (5803.JP) rose 1% and 2.4%.

Among other stocks, Fast Retailing (9983.JP) gained 1.2%, while Nintendo (7974.JP) and Sanrio (8136.JP) fell 3.2% and 3.1%. Ryohin Keikaku (7453.JP) and Rakuten Group (4755.JP) declined 2% and 2.4%. Mitsubishi Corp. (8058.JP) and Mitsui Mining & Smelting (5706.JP) rose 3.3% and 5%. Oil producer Inpex (1605.JP) gained 2.6%, and shipping firm Mitsui O.S.K. Lines (9104.JP) advanced 2.1%.

The USD/JPY was quoted at 159.68. (fc/w)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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