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TOKYO, April 1 (Reuters) - Japanese stocks rose on Thursday, as investors snapped up shares of semiconductor-related companies on the first day of the new fiscal year on hopes for robust corporate earnings.
The Nikkei 225 Index ended up 0.72% at 29,388.87, while the broader Topix rose 0.19% to 1,957.64.
The technology sector led the advance after U.S. chipmaker Micron Technology Inc forecast third-quarter revenue above analysts’ forecasts.
“What’s happening with Japanese tech shares is a reflection of what is happening in the United States,” said Takashi Hiroki, chief strategist at Monex Securities.
Sentiment in Japan brightened after the Bank of Japan’s tankan survey showed business sentiment has returned to where it was before the onset of the COVID-19 pandemic.
Japan shares rise as IT sector shines on bright semiconductor outlook
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Semiconductor Wafer Cleaning Equipment Market worth $ 14 94 Billion, Globally, by 2028 at 9 21% CAGR: Verified Market Research
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