{"id":910,"date":"2026-05-13T05:51:45","date_gmt":"2026-05-13T05:51:45","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=910"},"modified":"2026-05-13T05:51:45","modified_gmt":"2026-05-13T05:51:45","slug":"japans-nikkei-reverses-early-fall-as-kioxia-rebounds","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=910","title":{"rendered":"Japan’s Nikkei reverses early fall as Kioxia rebounds"},"content":{"rendered":"

TOKYO: Japan\u2019s Nikkei share<\/a> average recouped early losses on Wednesday to trade slightly higher as memory chip maker Kioxia rebounded, while the broader Topix gained 1% as investors grew confident about the domestic corporate outlook.<\/strong><\/p>\n

The Nikkei rose 0.3% to 62,930.2 by the midday break after falling as much as 0.67% earlier. The broader Topix rose 1.01% to 3,912.14.<\/p>\n

\u201cThere are still uncertainties in the market, but domestic firms have reported a relatively strong outlook,\u201d said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.<\/p>\n

\u201cThe market had expected companies to flag a modest outlook (this earnings season), but it turned out that overall it was not as weak as they had expected.\u201d<\/p>\n

Shares of Olympus Corp jumped 16.52% after the medical equipment maker forecast annual net profit ahead of market expectations and announced a share buyback plan.<\/p>\n

Kioxia rose 5.12% after early losses to become the biggest source of the Nikkei\u2019s gain. Its gains covered the losses of chip-related heavyweights Advantest and Tokyo Electron, which fell 3.15% and 2.03%, respectively.<\/p>\n

Kioxia, which joined the Nikkei 225 in April, saw trading value of its shares hit 24 trillion yen ($152.20 billion) last month, according to the Tokyo Stock Exchange, a record high since the exchange created the prime market in its exchange reform in 2022.<\/p>\n

Fibre optic cable maker Furukawa Electric surged 15.07%, extending gains from the previous session. It jumped 16% on Tuesday after announcing a stock split.<\/p>\n

Of the Nikkei members, 157 stocks rose, 65 fell and three traded flat.<\/p>\n

Trading firms rose, with Mitsubishi Corp and Mitsui & Co up 6.36% and 4.99%, respectively.<\/p>\n

An index for trading houses jumped 4% to become the top performer among the Tokyo Stock Exchange\u2019s 33 industry sub-indexes.<\/p>\n

Toyota Motor rose 2.2% after sixth-session losing streak, while Honda Motor gained 2.2%.<\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO: Japan\u2019s Nikkei share average recouped early losses on Wednesday to trade slightly higher as memory chip maker Kioxia rebounded, while the broader Topix gained 1% as investors grew confident about the domestic corporate outlook. The Nikkei rose 0.3% to 62,930.2 by the midday break after falling as much as 0.67% earlier. The broader Topix […]<\/p>\n","protected":false},"author":0,"featured_media":911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=910"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/911"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}