Stock prices edge higher as gains narrow after semiconductor buying subsides

At the Tokyo Stock Exchange on 28 August, earnings from major US semiconductor companies were viewed as strong, prompting buying orders for domestic semiconductor stocks. As a result, the Nikkei Stock Average edged higher.

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The story

Semiconductor-related stocks were bought on 28 August, and the broader market edged higher.

Buying momentum in semiconductor stocks subsided, narrowing the Nikkei Stock Average's gain, according to reports.

At a glance

TimingBuying orders for semiconductor-related stocks spread across the Tokyo market on 28 August

OutlookThe Nikkei Stock Average edged higher

Main factorEarnings from a major US semiconductor company were viewed as strong

StockBuying orders spread across domestic semiconductor stocks

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