The Nikkei 225 Index saw a slight increase, closing higher for the third straight session, fueled by gains in chip and memory stocks. Upbeat earnings reports and positive signals from Wall Street contributed to the positive sentiment. Currency market volatility and upcoming elections created a backdrop of cautious investor behavior.
- The Nikkei 225 Index rose 0.03% to close at 53,376.
- Advantest’s stock surged over 5% due to record Q3 sales and profits driven by AI demand.
- Advantest raised its full-year profit forecast by 21.4%.
- Kioxia Holdings jumped 1.6% to a new all-time high amid a global rally in memory stocks.
- Export-oriented shares, including Mitsubishi Heavy Industries, Toyota Motor, and Sony Group, stabilized after recent pressure from a stronger yen.
- Investors are closely watching currency market volatility.
- Political uncertainty ahead of the Feb. 8 lower house snap election is contributing to a cautious market.
The Nikkei is currently benefiting from strong performance in the technology sector, particularly in areas related to artificial intelligence and memory. While a stronger yen could pose a challenge for export-oriented companies, positive earnings and global market trends are providing support. The underlying political and economic conditions are fostering a degree of uncertainty, influencing investor strategies.