Nikkei 225 rises 0.4% above 63,700 as technology stocks rebound

  • Nikkei 225 rebounded as selected technology stocks recovered on Tuesday.
  • Nikkei 225 gained 0.4% to above 63,700, ending a two-day losing streak.
  • Kioxia Holdings rose 2.5% after reports of a potential American depositary receipt listing.

The Nikkei 225 Index rose 0.4% to above 63,700 on Tuesday, ending a two-day decline as selected technology shares recovered. Investors continued assessing the outlook for artificial intelligence after Anthropic CEO Dario Amodei urged a slower pace of development to limit potential risks. Markets also monitored rising oil prices and global bond yields ahead of imminent interest rate hikes from the U.S. Federal Reserve and the Bank of Japan this week. SoftBank Group gained 6.3%, while Taiyo Yuden climbed 3.7% and Lasertec advanced 3.8%. Kioxia Holdings rose 2.5% after reports that the Japanese memory chipmaker is considering raising at least $10 billion through a listing of American depositary receipts (U.S.-listed shares representing foreign companies).

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