AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

TOKYO: Japan’s Nikkei share average inched higher on Thursday, as investors snapped up chip-related shares after Advantest raised its full-year profit forecast.

The Nikkei had risen 0.21% to 39,498.57 by the midday break.

After opening 0.28% lower, the benchmark moved between modest gains and losses during the session.

“DeepSeek shock has not completely faded, but investors were relieved to see the positive outlook of Advantest,” said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute.

Stronger Nasdaq futures during Asian trade also supported Japanese chip-related shares, said Suzuki.

Advantest, a supplier to US chipmaker Nvidia , hiked its full-year operating profit forecast by 37% on Wednesday due to strong demand for its testing tools for chips used in artificial intelligence tasks.

Shares of the chip-testing equipment maker were up 2.18% in volatile trade.

The stock opened lower on profit-booking before rising as much as 6.9%.

“Advantest still has not regained confidence from investors as the stock has not recouped its losses made in the past few sessions,” said Suzuki.

Japan’s Nikkei tracks Wall Street higher

The stock has lost 13% so far this week after the rising popularity of Chinese startup DeepSeek’s AI model called into question sky-high valuations for Nvidia and others at the forefront of the AI revolution.

Chip-making equipment maker Tokyo Electron rose 2.15% and silicon wafer maker Shin-Etsu Chemical gained 1.17%.

Technology start-up investor SoftBank Group fell 1.05% to weigh the most on the Nikkei. Of the 225 components of the Nikkei index, 128 stocks rose and 95 fell, with two trading flat.

The broader Topix inched up 0.15% to 2,779.78. Audio equipment and camera maker Sony Group fell 1.46% to weigh on the Topix the most.

Comments

200 characters