The Nikkei 225 index of the Tokyo stock exchange closed today’s session up by 1.40% at 35,963.27 points.
The Tokyo stock exchange received an assist from the publication of the data relating to Japan’s inflation which, in December, rose to the lowest pace since mid-2022.
The fever on chip stocks that exploded all over the world also triggered the purchases, after the announcement on the eve of the chip giant TSMC – Taiwan Semiconductor Manufacturing Company – which announced a quarterly result better than estimates, showing optimism regarding the demand for its semiconductors expected by 2024.
TSMC’s announcement has sparked buying on Wall Street and the rest of the Asian stock exchanges, which are witnessing a rally in chip sector stocks.
Shares of Taiwan Semiconductor Manufacturing Company jumped more than 6% on the Taiwan stock exchange.
The stocks of other big names in the chip market such as Samsung Electronics and SK Hynix also performed well, rising by more than 3% and 2% on the Seoul stock exchange.
Hong Kong and Shanghai, on the other hand, did poorly, down by approximately 1% and 0.75% respectively.