Japanese stock indices concluded Thursday's session with gains, driven by a recovery in chip-related stocks, which were influenced by gains in chip stocks on Wall Street yesterday following U.S. inflation data that showed a surprising decline in core inflation.
In terms of trading, the Nikkei 225 index rose by 0.8% to close at around 38,750 points, while the broader TOPIX index increased by 0.6% to 2,706 points.
In terms of trading, major stocks in the Nikkei index showed strong performance, with shares of chip testing equipment supplier Advantest rising by 2.5%. Among the large-cap stocks in the index, shares of H.I. Corporation also rose by 1.9%, as well as Mitsubishi UFJ shares by 1.7%.
However, caution prevailed over investors' sentiments, limiting gains in the Japanese stock market today after Bank of Japan Governor Kazuo Ueda indicated this morning that the central bank would discuss the possibility of raising interest rates at the upcoming policy meeting next week, following a Bloomberg report that the bank might consider raising rates next week.
