[Thu, 08 May 2025 17:54:53 +0300]

Tokyo - Saba:

Japanese indices rose, supported by chip stocks, amid optimism over the US administration's plans to lift some restrictions on artificial intelligence chips, as part of a broader effort to review global semiconductor trade restrictions.

The Tokyo Stock Exchange said that Japan's Nikkei 225 index ended today's session up 0.41 percent, or 148.97 points, to 36,928.63.

The broader Topix index also rose 0.09 percent, or 2.56 points, to close at 2,698.72.

Regarding the exchange rate, the US currency rose by approximately 0.41 percent against its Japanese counterpart to 144.39 yen in morning trading, while the yield on 10-year Japanese government bonds rose more than two basis points to 1.327 percent.

Toyota Motor Corp. shares fell 1.27 percent after the automaker announced it expects a fifth of its profits for the current fiscal year, due to the weak dollar and the impact of tariffs.

While Tokyo Electron and Advantest shares rose 2.05 percent and 3.73 percent, respectively.

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