The Nikkei 225 rebounded sharply to close ¥2,203 higher than the previous day at ¥68,956. Following Micron’s upbeat earnings outlook, buying spread broadly, led by semiconductor stocks.
The Nikkei 225 closed at ¥68,956, up ¥2,203 from the previous day in a sharp rise. Buying spread across the market, led by semiconductor stocks, with Micron’s earnings outlook receiving a positive assessment.
Micron was reportedly expected to post September-November revenue 4.5 times above market expectations, providing a catalyst for buying semiconductor-related stocks.
Sapporo Beer rose for a second straight session against the backdrop of unified tax rates and efforts to enhance the value of low-carbohydrate products. Meanwhile, Nishimatsuya Chain’s revenue for March-August rose 5.8% year on year, while operating profit declined 3.7%.
At Nidec, the audit firm’s “disclaimer of opinion” in the company’s annual securities report was cited as a concern that could affect the maintenance of its listing.