The Nikkei 225 Index climbed 0.73% to 42,829 while the broader Topix Index added 0.65% to 3,090 on Thursday, recovering part of this week’s losses as chip stocks advanced after Nvidia reported stronger-than-expected earnings and revenue.
Still, Nvidia’s data center sales missed estimates for a second straight quarter, and the company disclosed no sales of H20 chips to China during the period.
On the trade front, Japan’s chief negotiator Ryosei Akazawa canceled a planned trip to Washington, where he had been scheduled to discuss Japanese investment in the US. Domestically, attention turns to a raft of economic reports due Friday, including industrial production, retail sales and consumer confidence.
Tokyo’s inflation reading, considered a leading gauge of nationwide price trends, will also be closely watched for clues on the Bank of Japan’s policy stance.
Among notable movers were SoftBank Group (3.2%), Fujikura (5.5%), Advantest (1.5%), Sanrio (-3.6%) and Tokyo Electron (2%).
AloJapan.com