The Nikkei 225 jumped more than 2,200 points in early trading, breaking above the 65,000 level as chip stocks tracked a surge in U.S. semiconductors. The yen held steady after coordinated U.S.-Japan intervention, while Japanese government bond yields stayed near multi-year highs on Bank of Japan rate-hike expectations.
The Nikkei 225 surged more than 2,200 points in early trading, breaking above the 65,000 level as Japanese equities tracked a rally in U.S. semiconductor stocks. Chip-related names led the advance, including Advantest, SoftBank Group, Tokyo Electron, Kioxia, TDK, Murata Manufacturing, and Ibiden, after the Philadelphia Semiconductor Index jumped 6.55% overnight.
The yen remained supported following coordinated intervention between the United States and Japan. Expectations of further rate hikes from the Bank of Japan persisted. Those expectations kept 10-year Japanese government bond yields near multi-year highs.
Source: Coinpedia Fintech News (snippet-based)
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