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<Asia> Nikkei Climbs 524 pts or 0.9% as AI and Chip Stocks Rally; SoftBank and Kioxia Hit Highs
Japanese equities rose today (21st) as market expectations of renewed negotiations between the United States and Iran lifted investor sentiment, while heavyweight SoftBank (9984.JP...
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<Asia> Nikkei Climbs 524 pts or 0.9% as AI and Chip Stocks Rally; SoftBank and Kioxia Hit Highs
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Japanese equities rose today (21st) as market expectations of renewed negotiations between the United States and Iran lifted investor sentiment, while heavyweight SoftBank (9984.JP) advanced, supporting the broader market. The Nikkei 225 opened 206 points higher and extended gains, once rising 787 points to a high of 59,611. It closed up 524 points, or 0.9%, at 59,349.

AI and semiconductor-related stocks led the gains. SoftBank (9984.JP) and Kioxia (285A.JP) surged 8.5% and 7.3%, respectively. Shinko Electric Industries (3436.JP) and Lasertec (6920.JP) rose 5.5% and 5.7%, while Tokyo Electron (8035.JP) gained 3.5%, Advantest (6857.JP) edged up 0.4%, and Disco Corp. (6146.JP) climbed 1.8%. Among optical fiber plays, Furukawa Electric (5801.JP) and Sumitomo Electric (5802.JP) advanced 2.8% and 3.2%, while Fujikura (5803.JP) jumped 6.5%.

In heavy industry, Mitsubishi Heavy Industries (7011.JP) rose 0.4%, while IHI (7013.JP) fell 2.1%. In metals, JX Metals (5016.JP) gained 0.1%, while Mitsui Mining & Smelting (5706.JP) and Sumitomo Metal Mining (5713.JP) climbed 5.4% and 2.2%, respectively. Elsewhere, Fast Retailing (9983.JP) slipped 1.2%, while Nissan (7201.JP) and Toyota (7203.JP) declined 2.5% and 3.2%. Trading house Marubeni (8002.JP) rose 2%.

Consumer electronics retailer Nojima (7419.JP) announced after market close that it will acquire an 80% stake in Hitachis (6501.JP) white goods business in Japan. Nojima surged 14.2%, while Hitachi added 0.7%.

The USD/JPY was quoted at 158.86. (fc/u)



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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