US rate-hike expectations receded after the employment report showed that payroll growth fell short of market expectations and the unemployment rate rose. Against this backdrop, technology stocks rose in the US market, and Japanese semiconductor manufacturing equipment stocks, including Tokyo Electron, generally gained as well.
Following the US employment report, technology stocks rose in the US market, and the SOX Index posted a notable gain. Against this backdrop, semiconductor manufacturing equipment stocks staged a sharp rebound in the Tokyo market.
The employment report reportedly showed that payroll growth fell short of market expectations and that the unemployment rate rose. As a result, expectations for a US rate hike in October were said to have receded significantly.
Tokyo Electron staged a sharp rebound, while major semiconductor manufacturing equipment stocks in the same industry generally rose. Across the market, buying was concentrated in semiconductor-related stocks.