Tokyo, June 25 (Jiji Press)--Japan's bellwether Nikkei 225 stock average briefly shot up over 3,000 points Thursday afternoon, as issues linked to artificial intelligence and semiconductors gathered hefty buying. At 2:16 p.m., the index of 225 major issues on the Tokyo Stock Exchange's top-tier Prime section stood up 3,128.40 points, or 4.52 pct, from Wednesday at 72,303.37. Investors were heartened by a jump in the stock price of U.S. memory chip maker Micron Technology in off-hours trading, after the company announced a brighter-than-expected earnings forecast for June-August on Wednesday. Micron Technology's industry rival, Kioxia Holdings, especially attracted buying on the Prime section. Lower U.S. and Japanese interest rates on the back of falls in crude oil prices also boosted stocks. END [Copyright The Jiji Press, Ltd.]
Nikkei Scales More Than 3,000 Points in Afternoon
Tokyo, June 25 (Jiji Press)--Japan's bellwether Nikkei 225 stock average briefly shot up over 3,000 points Thursday afternoon, as issues linked to artificial intelligence and semiconductors gathered hefty buying. At 2:16 p.m., the index of 225 major issues on the Tokyo
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