Kioxia shares rose further in the afternoon against a backdrop of gains in U.S. memory stocks, spreading buying confidence. The Nikkei rose for a second straight session in Tokyo on the 7th, closing at ¥66,399.84.
The Nikkei Stock Average rose for a second straight session in Tokyo on the 7th, closing ¥1,378.90 higher than the previous weekend at ¥66,399.84. The index returned to the ¥66,000 range for the first time in four trading days, having last been there on 1 September, as buying flowed into high-priced stocks against a backdrop of gains in U.S. semiconductor stocks.
Asian stock markets were also firm, with South Korea’s KOSPI and Taiwan’s TAIEX, which have high weightings of semiconductor stocks, both performing well. SoftBank Group and Kioxia rose further in the afternoon.
Kioxia shares rose further in the afternoon, gaining 9%, according to reports.