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<Asia> Nikkei Rises 569 pts or 1% at Half-day; SoftBank Up 5%, Heavy Machinery and Auto Stocks Gain
Japanese equities advanced in the morning session, driven by a sharp rally in US stocks last Fri (17th). Buying interest in heavyweight stocks pushed the broader market higher. The...
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<Asia> Nikkei Rises 569 pts or 1% at Half-day; SoftBank Up 5%, Heavy Machinery and Auto Stocks Gain
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Japanese equities advanced in the morning session, driven by a sharp rally in US stocks last Fri (17th). Buying interest in heavyweight stocks pushed the broader market higher. The Nikkei 225 opened up 345 points and extended gains, at one point rising 637 points to 59,113. At midday, it was up 569 points, or 1%, at 59,045.

In artificial intelligence and semiconductor-related shares, SoftBank (9984.JP) and Lasertec (6920.JP) gained 5% and 5.6%, respectively. Disco (6146.JP) and Kioxia (285A.JP) rose 3% and 2.6%, while Tokyo Electron (8035.JP) added 0.9%. Advantest (6857.JP) slipped 0.8%. Optical fiber makers Furukawa Electric (5801.JP) and Fujikura (5803.JP) edged up 0.1% and 0.6%, respectively.

Heavy machinery makers Mitsubishi Heavy Industries (7011.JP) and Kawasaki Heavy Industries (7012.JP) climbed 3.8% and 2.5%. Metal producer JX Metals (5016.JP) rose 0.9%. Rare earth-related MODEC (6269.JP) fell 3.4%, while oil producer Inpex (1605.JP) declined 2.8%. Shipping firms Nippon Yusen (9101.JP) and Mitsui O.S.K. Lines (9104.JP) dropped 2.4%, and Kawasaki Kisen (9107.JP) slid 3%.

Among other stocks, Fast Retailing (9983.JP) gained 1%. Automakers Honda (7267.JP) and Nissan (7201.JP) rose 2.7% and 3%, respectively. Shiseido (4911.JP) added 2.4%, while Tokyo Electric Power (9501.JP) fell 1.4% and Ryohin Keikaku (7453.JP) declined 3.3%. Non-life insurer Tokio Marine (8766.JP) climbed 3.7%. Nidec (6594.JP) and Yaskawa Electric (6506.JP) surged 7.1% and 6%, respectively.

The USD/JPY was quoted at 158.87. (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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