Japan’s Nikkei Extends Gains on Tech Boost
The Nikkei 225 Index climbed 0.9% to above 67,000 on Thursday, advancing for a second straight session to its highest level in six weeks, as technology and artificial intelligence-related stocks led the gains. The rally came after Micron Technology issued an upbeat outlook, while Google began rolling out Gemini 4 Argon, its flagship AI model. A softer-than-expected US PCE inflation reading also prompted traders to reduce bets on a Federal Reserve rate hike this month, although elevated oil prices and bond yields continued to cloud the outlook. In Japan, central bank data showed manufacturing sentiment improved in the third quarter to its highest level in more than eight years. Notable gainers included Kioxia Holdings (4.1%), Advantest (4.7%), SoftBank Group (2.5%), Taiyo Yuden (2.5%) and Murata Manufacturing (4.5%).
9% to above 67,000 on Thursday, advancing for a second straight session to its highest level in six weeks, as technology and artificial intelligence-related stocks led the gains. The rally came after Micron Technology issued an upbeat outlook, while Google began rolling out Gemini 4 Argon, its flagship AI model. A softer-than-expected US PCE inflation reading also prompted traders to reduce bets on a Federal Reserve rate hike this month, although elevated oil prices and bond yields continued to cloud the outlook. In Japan, central bank data showed manufacturing sentiment improved in the third quarter to its highest level in more than eight years.
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