Asian markets showed mixed results amid global economic uncertainty, with Japan's Nikkei rising 0.8% and the Topix up 1.0%, driven by a weak yen. In contrast, China's Shanghai index fell 0.3% as investor sentiment remained fragile due to fears of a potential tariff war linked to US policies. Notably, Tokyo Electron surged 6.45%.
Shares of Japanese semiconductor companies surged following reports that the US government may implement lighter restrictions on chip equipment and AI memory semiconductor sales to China. Tokyo Electron Ltd. saw a rise of up to 10%, while Kokusai Electric Corp. experienced a remarkable 23% increase at one point.
Super Micro Computer is experiencing a recovery rally on Wall Street, with the SMI higher in pre-market trading, while major Japanese chip stocks like Tokyo Electron and Advantest saw declines. Concerns linger over Nvidia"s upcoming guidance, as analysts highlight the importance of chip demand for the next quarter, with Nvidia"s performance serving as a key indicator for the tech sector"s AI trajectory.
The SMI stock market shows no clear direction, with Sandoz gaining while SGS faces selling pressure and Swiss Steel's share price collapses. In Tokyo, the Nikkei index rose 0.3% to 39,110.95 points, driven by technology stocks like Advantest and Tokyo Electron, despite caution ahead of corporate results and the upcoming general election on October 27. Major losers included Fast Retailing, KDDI, and Daiichi Sankyo.
The SMI closed lower, with Swiss Re among the decliners, while Wall Street showed weakness. In Tokyo, the Nikkei index rose 0.3% to 39,110.95, buoyed by technology stocks like Advantest and Tokyo Electron, despite caution ahead of corporate results and the upcoming general election on October 27. Fast Retailing, KDDI, and Daiichi Sankyo were among the notable losers.
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