Japan's Nikkei rises as chip-related heavyweights jump

TDK

09/06/2026 03:40

By Junko Fujita

    TOKYO, June 9 (Reuters) - Japan's Nikkei share average rose on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session.
The Nikkei .N225 was up 0.95% to 64,635.71 as of 0209 GMT, after closing 3.85% lower in the previous session, posting its largest loss in three months.
The index was choppy earlier in the session, inching down as much as 0.16%.
The broader Topix .TOPX rose 0.5% to 3,871.78.
Chip-making equipment maker Tokyo Electron 8035.T jumped 7.3% and chip-testing equipment maker Advantest 6857.T gained 4.12%.  
"Confidence for AI-related shares remains strong, but there was caution for the fast-paced rally in the market earlier in the session," said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. 
"Investors might have sold stocks to raise money to buy SpaceX ahead of its initial public offering this week," he said.
The Nikkei crossed above 68,000 to a record high earlier this month on optimism for the growth of AI-related shares. The index has risen 28% so far this year. 
The previous session's heavy sell-off followed sharp declines in U.S. technology stocks at the end of last week.  
Bucking the trend on Tuesday, technology investor SoftBank Group 9984.T fell 2.9%, weighing most on the Nikkei. 
Robot maker Fanuc 6954.T slipped 0.95%. 
Financials rose as the market braces for the Bank of Japan's interest rate hike at its policy meeting next week. Mitsubishi UFJ Financial Group 8306.T and Mizuho Financial Group 8411.T rose 0.5% and 1.4%, respectively. 
     Of more than 1,500 stocks trading on the Tokyo Stock Exchange's prime market, 57% rose, 39% fell, and 3% traded flat.  
     
     
     

(Reporting by Junko Fujita; Editing by Rashmi Aich)
((junko.fujita@thomsonreuters.com;))