Japan's Nikkei 225 Index Rises 1.20% on Semiconductor Rally, Gains 813.88 Points

JPN2252.23%
SK Hynix-0.27%
MU4.33%
According to Yonhap Infomax, on July 10, Japan's stock market extended gains throughout the day driven by U.S. semiconductor sector strength. The Nikkei 225 index rose 813.88 points (1.20%) to close at 68,557.73, recovering above the 68,000 level for the first time in four trading days. The TOPIX index gained 15.71 points (0.39%) to 4,036.08. Semiconductor and AI-related stocks led the rally, with SoftBank Group surging over 11%, while Tokyo Electron and Advantest each climbed more than 2%. The strength followed overnight U.S. market momentum from SK Hynix ADR subscription demand exceeding 7 times the offered shares and Micron Technology's major investment announcement. Japan's 10-year government bond yield fell 11.19 basis points to 2.7721%, following Finance Minister Katayama Satuki's statement encouraging pension funds to expand domestic financial asset investment.
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