Global Market: Japanese stocks rise as chip rally lifts Topix to record high

Kioxia Buyback Propels Japan’s Corporate Stock Buying to Record

Japanese corporations logged the highest weekly equity purchases on record as memory maker Kioxia Holdings Corp.’s share buyback bolstered the tally.

Global Market: Japanese stocks rise as chip rally lifts Topix to record high

Japanese equities gained on Thursday, with the Topix hitting a record high and extending its seven-session winning streak. The Nikkei rose 1.6%, led by semiconductor stocks tracking US peers. Strong corporate earnings outlooks also supported sentiment, while financial stocks advanced. Investors remained encouraged by improved profit forecasts across Topix companies.

Japanese Stocks End Higher Driven by Chip Sector

Japanese stocks ended higher on Thursday, with the Topix index hitting a new record high, buoyed by gains in semiconductor shares following their U.S. peers. Strong earnings outlooks for domestic companies also helped lift investor sentiment.

Japanese shares end higher on chip gains, earnings outlook

The shares extended gains to a seventh straight session Read more at The Business Times.