Japan's Nikkei gains as Meta's AI gadget launch lifts CPU — related stocks
By Junko Fujita TOKYO, Sept 24 (Reuters) — Japan's Nikkei average rose on Thursday in a holiday-shortened week as CPU-related shares jumped after Meta CEO Mark Zuckerberg unveiled a small handheld gadget called Meta Charm, fuelling demand for key computer components. The Nikkei was up 1.33% at 65,883.41 by the midday break. The broader Topix edged up 0.12% to 4,096.01. Markets were closed until Wednesday due to public holidays. Shares of Ibiden, a component maker of CPUs (central processing units), jumped 15.47% after Meta Platforms unveiled Meta Charm, a device designed to use its new Muse AI assistant. The announcement lifted shares of other CPU-related companies, said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. Socionext, Meiko Electronic and Ushio Inc jumped more than 10% each, making them, along with Ibiden, four of the top five gainers on the Tokyo Stock Exchange's prime market. Chip-testing equipment maker Advantest rose 4.09%, providing the biggest boost to the Nikkei. SoftBank Group edged up 0.52%. "In recent sessions, chip-related shares tend to withstand rising yields," said Shimada. Japan's 10-year government bond yield rose to 3.055% on Thursday, its hig
By Junko Fujita TOKYO, Sept 24 (Reuters) — Japan's Nikkei average rose on Thursday in a holiday-shortened week as CPU-related shares jumped after Meta CEO Mark Zuckerberg unveiled a small handheld gadget called Meta Charm, fuelling demand for key computer components. 41 by the midday break. 01. Markets were closed until Wednesday due to public holidays.
47% after Meta Platforms unveiled Meta Charm, a device designed to use its new Muse AI assistant. The announcement lifted shares of other CPU-related companies, said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. Socionext, Meiko Electronic and Ushio Inc jumped more than 10% each, making them, along with Ibiden, four of the top five gainers on the Tokyo Stock Exchange's prime market. 09%, providing the biggest boost to the Nikkei.
52%. "In recent sessions, chip-related shares tend to withstand rising yields," said Shimada. 055% on Thursday, its highest point since August 1996, following a selloff of US Treasuries. The market also weighed inflation worries as the yen lost ground to the dollar overnight.
Bank shares fell, weighing on the Topix. 02%. 48%. Of more than 1,500 stocks trading on the TSE's prime market, 53% rose, 43% declined and 3% were flat.
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