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Tokyo, June 29 (QNA) – Japan’s Nikkei share average reversed course to end higher on Monday, as chip-related stocks cut losses after South Korea rolled out sweeping chip and AI mega-projects.
The Nikkei closed 0.15% higher at 69,468.11, after falling as much as 1.97% earlier in the session. The broader Topix rose 0.47% to 3,982.
Memory chipmaker Kioxia narrowed its early loss, ending 4.5% lower. Chip-testing equipment maker Advantest fell 1.51%. Chip-making equipment maker Tokyo Electron rose 2.44%.
Those shares declined in early trade after the Philadelphia SE semiconductor index’s 5.3% fall on Friday.
Game maker Nintendo, whose profits have been squeezed by rising memory chip prices, jumped 5.25%, while Sony Group rose 3.13%.
The mining sector lost 1.83% and oil refiners fell 1.07%. (QNA)
