Global Market: Japan's Nikkei rebounds as chip stocks rise, Topix slips on bank losses
Japans Nikkei rebounded 0.61% on Wednesday as chip-related stocks advanced, recovering from the previous sessions decline. Advantest, Tokyo Electron and SoftBank gained, while Taiyo Yuden surged. However, banking stocks weakened the broader Topix index, with Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group posting losses amid broader financial-sector pressure.
Japans Nikkei rebounded 0.61% on Wednesday as chip-related stocks advanced, recovering from the previous sessions decline. Advantest, Tokyo Electron and SoftBank gained, while Taiyo Yuden surged. However, banking stocks weakened the broader Topix index, with Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group posting losses amid broader financial-sector pressure.
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