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Bipedal Crocodile Remains Found in USSamsung Plans $1.5 Billion Chip Testing Plant in VietnamWhat Happens to Lungs After Quitting Smoking?Japan Nikkei hits record high on chip stocksUK Breaks 82-Year-Old May Heat RecordSamsung union approves wage deal; shares surgeLuminus sells $8.6M in Battalion Oil stockUS Kills One in Eastern Pacific StrikeBiden Sues DOJ Over Release of Interview AudioJunshi Biosciences completes phase III lung cancer studyBipedal Crocodile Remains Found in USSamsung Plans $1.5 Billion Chip Testing Plant in VietnamWhat Happens to Lungs After Quitting Smoking?Japan Nikkei hits record high on chip stocksUK Breaks 82-Year-Old May Heat RecordSamsung union approves wage deal; shares surgeLuminus sells $8.6M in Battalion Oil stockUS Kills One in Eastern Pacific StrikeBiden Sues DOJ Over Release of Interview AudioJunshi Biosciences completes phase III lung cancer study
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Japan Nikkei hits record high on chip stocks

Japan Nikkei index hit a record high driven by chip stocks. Tokyo Electron and Advantest surged over 5%. Bank and real estate shares declined.

Zoe Allen
ByZoe Allen- Senior Editor
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0
Japan Nikkei hits record high on chip stocks
Photo: Prepared by Bond.az

Japan's Nikkei share average rose to a record high on Wednesday, as gains in chip-related stocks outweighed losses in financials.

The Nikkei was up 1.25% at 65,811.78, after hitting a record intraday high of 66,428.81.

"Investor money is concentrated on high-flying chip-related shares," said Kazuaki Shimada of IwaiCosmo Securities.

Tokyo Electron and Advantest rose more than 5% each. SoftBank Group slipped 4.3%.

Bank shares fell, with Mitsubishi UFJ and Mizuho down 0.49% and 0.95%, respectively. Real estate index lost 1.48%.

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Japan Nikkei hits record high on chip stocks | Bond.az