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Chip-sector rally lifts Tokyo stocks as SOX index extends winning streak to nine days, reaches new peak◇
Major chip-related shares, including semiconductor manufacturing equipment makers Advantest Corp <6857> and Disco Corp <6146>, as well as NAND memory giant Kioxia Holdings Corp <285A>, opened with buy orders across the board. Overnight on Wall Street, both the Dow Jones Industrial Average and the Nasdaq Composite advanced, with the Nasdaq rising 1.2%. The Philadelphia Semiconductor Index (SOX) notably outperformed, climbing 1.7% to notch its ninth straight session of gains and closing above the psychological 9,000 mark for the first time. Despite heightening geopolitical tensions in the Middle East, capital continues to rotate into the semiconductor sector. The Tokyo market is tracking the U.S. momentum, with Kioxia particularly buoyed by a nearly 12% surge in SanDisk Corp
Note: The "◇" symbol at the end of the title indicates that this article covers multiple stocks.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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