The Japanese stock market, which was closed for a holiday on Monday, resumed trading on Tuesday, continuing last week’s gains. The Nikkei 225 index once rose more than 3% to 38,000 points.South KoreaAfter the stock market ended the four-day Lunar New Year holiday, SK Hynix also rose to catch up with other US semiconductor stocks.
The Nikkei 225 index closed 2.9% higher at 37,963.97 points on Tuesday, just 2.5% off its all-time high; Topix also rose 2.1%. Tokyo Electron rose 13% to a record high and was the biggest contributor to the Topix index. The company had previously raised its full-year financial forecast, primarily due to strong sales in mainland China. Japanese stocks will be closed on Monday to commemorate the founding anniversary of the People’s Republic of China.
Masahiro Yamaguchi, an analyst at SMBC Trust Bank, pointed out that the current price of Japanese stocks is inevitably overpriced, but the surge in semiconductor stocks has been supported by profits and the AI theme, which does not seem out of place.
He also said: “In addition to the performance of US stocks yesterday,a motherThe surge in share prices also lifted Japan’s most valuable semiconductor shares. Japanese stocks also benefit from the weaker yen. ,
Boosted by Arm, SoftBank, which owns about 90% of Arm’s shares, rose another 6.3%, up nearly 30% in three trading days. Arm’s performance outlook far exceeded analysts’ expectations. It surged 29.2% on Monday and has almost doubled in three days.
After a long holiday, the South Korean stock market returned to the market. The Kospi index closed up 1.1%. SK Hynix rose 4.8%, leading South Korea.WaferThe stock’s rise also reflects a number of positive AI-related news, including Huida’s share price continuing to rise and Arm’s positive financial forecast.
SK Securities analyst Cho Junki said South Korean chip stocks benefited from a series of positive news during the Lunar New Year holidays. In addition to Arm’s excellent financial forecast, reports that Open AI CEO Altman intends to raise large sums of money to build a chip factory are also positive.