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Semiconductor equipment makers rise as SOX index hits 18th straight gain
Semiconductor equipment-related stocks including ADVANTEST CORPORATION <6857>, Tokyo Electron Limited <8035>, Lasertec corporation <6920>, and DISCO CORPORATION <6146> rose across the board. In the U.S. stock market on the previous Friday, the Philadelphia Semiconductor Index (SOX Index), which consists of semiconductor stocks, surged more than 4% to mark its 18th consecutive gain and continued to renew its all-time high. This has increased risk appetite among overseas investors, driving investment flows into leading semiconductor sector stocks in the Tokyo market. ADVANTEST's earnings announcement is scheduled after today's trading session, while Tokyo Electron and Lasertec are scheduled to announce on the 30th this week, with high expectations for the earnings results of these stocks. ADVANTEST extended its gains to the mid-29,000 yen range on the previous Friday, closing near the session high and renewing its all-time high. Attention is now focused on whether the stock will continue to rise into uncharted territory or whether position adjustment selling will dominate due to concerns over the rapid pace of gains.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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