Market Update
Powell Comments and Looming Federal Government Shutdown Dominated Trading Sentiment
Barry Adams
24 Sep, 2025
New York City
Stock market indexes in New York struggled to advance for the second consecutive day amid valuation worries and a looming federal government shutdown.
The S&P 500 index decreased 0.4%, and the tech-focused Nasdaq Composite declined 0.3% as investors awaited the release of PCE price index data on Friday.
The federal government could face its first shutdown in five years at the end of September, as the funding runs out, as lawmakers struggle to strike a compromise on healthcare spending.
Benchmark indexes halted a three-day rally following cautious comments from the Fed Chair Jerome Powell.
Fed policymakers are struggling to balance rising risks of inflation and weakening labor market conditions while keeping the economic growth intact.
Moreover, the fast-evolving economic backdrop impacted by the surge in import taxes, imposed by the Trump administration, is forcing the policymakers to exercise greater caution.
"Tariff increases will likely take some time to work their way through supply chains.
As a result, this one-time increase in the price level will likely be spread over several quarters and show up as somewhat higher inflation during that period," added Powell while delivering his comments at a gathering in Warwick, Rhode Island.
During a question time at a gathering in Rhode Island, the central bank's chief confirmed that policymakers review market prices.
“We do look at overall financial conditions, and we ask ourselves whether our policies are affecting financial conditions in a way that is what we’re trying to achieve,” Powell said.
“But you’re right; by many measures, for example, equity prices are fairly highly valued,” added Fed Chair Powell.
The S&P 500 index decreased 0.6%, and the Nasdaq Composite fell 1% after Powell's comments, and investors dialed down the expectations for a rate cut at the end of the next policy meeting on October 29.
U.S. Stock Movers
Alibaba Group Holding advanced 7.6% to $176.97 after the company rolled out new AI products and announced its plans to invest more in artificial intelligence.
The company plans to ramp up artificial intelligence spending from the previously announced 380 billion yuan, or $53 billion, over the next three years, CEO Eddie Wu said at the company's annual conference.
Lithium Americas Corp. jumped 67% to $5.14 after a Reuters report suggested that the Trump administration is looking to renegotiate terms of the Energy Department's loans in exchange for a 10% equity stake.
The lithium mine in Nevada, known as Thacker Pass, is expected to go live in 2028, and General Motors controls a 38% stake in the mining project.
Micron Technology decreased 1% to $164.91, and the advanced chip maker reported strong growth in revenue and adjusted earnings, and the company guided $12.5 billion in revenue in the current quarter.
Tokyo Stocks Struggled After Powell's Comments, Yen In Focus On 40th Anniversary of Plaza Accord
Akira Ito
24 Sep, 2025
Tokyo
Benchmark indexes in Tokyo turned lower following the weakness in overnight trading on Wall Street, as investors booked profit after the recent run-up.
The Nikkei 225 Stock Average inched lower 0.01%, the broader Topix edged higher 0.1%, and the Japanese yen hovered near the 148 level against the U.S. dollar.
Tokyo's market sentiment remained weak following cautious comments from Fed Chair Jerome Powell noting uncertainties around the rate path amid a confusing economic backdrop.
Powell also highlighted stretched market valuations and a marked slowing in supply and demand for workers, "an unusual development in the labor market."
"Tariff increases will likely take some time to work their way through supply chains. As a result, this one-time increase in the price level will likely be spread over several quarters and show up as somewhat higher inflation during that period," added Powell while delivering his comments at a gathering in Warwick, Rhode Island.
Stocks on Wall Street turned lower following Powell's comments, and investors dialed down the expectations for a rate cut at the end of the next policy meeting on October 29.
The Japanese yen was in focus as Japan marked the 40th anniversary of the U.S.-led Plaza Accord.
On September 22, 1985, the U.S. engineered the decline of the dollar in coordination with Japan, the UK, France, and West Germany.
The U.S. dollar devaluation contributed to the bursting of the economic bubble in Japan and the start of what is known as the lost three decades.
The current U.S. tariff regime "does not align with the realities of the U.S. economy," said former Bank of Japan Governor Haruhiko Kuroda in an interview with Mainichi Shimbun.
"Unlike 40 years ago when the U.S. economy was weak, the country maintains a high growth rate today. The tariff escalation does not match the economic reality," Kuroda clarified.
Japan Indexes and Stocks
The Nikkei 225 Stock Average slipped 0.01%, and the broader Topix edged higher 0.1% to 3,166.80.
Toyota Motor Corp. decreased 1.2% to ¥2,925.0, Honda Motor fell 0.9% to ¥1,646.0, and Nissan Motor declined 0.6% to $4.98.
Seven & I Holdings gained 0.9% to ¥2,011.50, Fast Retailing decreased 2.2% to ¥45,640.0, and Isetan Mitsukoshi declined 1.1% to ¥2,896.0.
Tokyo Stocks Struggled After Powell's Comments, Yen In Focus On 40th Anniversary of Plaza Accord
Akira Ito
24 Sep, 2025
Tokyo
Benchmark indexes in Tokyo turned lower following the weakness in overnight trading on Wall Street, as investors booked profit after the recent run-up.
The Nikkei 225 Stock Average inched lower 0.01%, the broader Topix edged higher 0.1%, and the Japanese yen hovered near the 148 level against the U.S. dollar.
Tokyo's market sentiment remained weak following cautious comments from Fed Chair Jerome Powell noting uncertainties around the rate path amid a confusing economic backdrop.
Powell also highlighted stretched market valuations and a marked slowing in supply and demand for workers, "an unusual development in the labor market."
"Tariff increases will likely take some time to work their way through supply chains. As a result, this one-time increase in the price level will likely be spread over several quarters and show up as somewhat higher inflation during that period," added Powell while delivering his comments at a gathering in Warwick, Rhode Island.
Stocks on Wall Street turned lower following Powell's comments, and investors dialed down the expectations for a rate cut at the end of the next policy meeting on October 29.
The Japanese yen was in focus as Japan marked the 40th anniversary of the U.S.-led Plaza Accord.
On September 22, 1985, the U.S. engineered the decline of the dollar in coordination with Japan, the UK, France, and West Germany.
The U.S. dollar devaluation contributed to the bursting of the economic bubble in Japan and the start of what is known as the lost three decades.
The current U.S. tariff regime "does not align with the realities of the U.S. economy," said former Bank of Japan Governor Haruhiko Kuroda in an interview with Mainichi Shimbun.
"Unlike 40 years ago when the U.S. economy was weak, the country maintains a high growth rate today. The tariff escalation does not match the economic reality," Kuroda clarified.
Japan Indexes and Stocks
The Nikkei 225 Stock Average slipped 0.01%, and the broader Topix edged higher 0.1% to 3,166.80.
Toyota Motor Corp. decreased 1.2% to ¥2,925.0, Honda Motor fell 0.9% to ¥1,646.0, and Nissan Motor declined 0.6% to $4.98.
Seven & I Holdings gained 0.9% to ¥2,011.50, Fast Retailing decreased 2.2% to ¥45,640.0, and Isetan Mitsukoshi declined 1.1% to ¥2,896.0.
China Indexes Scale New Multi-Year Highs, Hong Kong Exchange Stays Open During Super Typhoon Ragasa
Li Chen
24 Sep, 2025
Hong Kong
Stocks in China and Hong Kong advanced on hopes that policymakers may announce steps to stimulate economic growth.
The Hang Seng index increased 0.7%, and the mainland-focused CSI 300 index gained 0.5% amid hopes that policymakers are more likely to deliver fiscal stimulus.
Investors have been drumming for government stimulus for the last three months, following mixed macroeconomic data.
Consumer confidence remains shaky amid persistent declines in the residential market and a weak urban labor market, with youth unemployment staying above 25%.
The Hong Kong Stock Exchange remained open for the first time as the city dealt with the No. 10 storm level.
Super Typhoon Ragasa passed through the South China region in the early afternoon, after lashing Hong Kong with strong winds and heavy showers.
The stock exchange operated normal hours after the city implemented a severe weather system last September, providing a fault-tolerant system for seamless trading under inclement weather conditions.
China Indexes and Stocks
The Hang Seng Index rebounded 0.7% to 26,358.89, and the CSI 300 index edged up 0.5% to 4,541.89.
Property developers advanced after the Super Typhoon Ragasa passed Hong Kong with little damage.
China Overseas Land & Investment edged up 0.3% to HK$13.86, Longfor Group Holding increased 0.5% to HK$11.28, China Vanke gained 1.5% to HK$5.47, and Sun Hung Kai Properties decreased 0.2% to HK$92.30.
Alibaba Group Holding increased 5.6% to HK$168.90, Tencent Holdings gained 1.7% to HK$643.0, and JD.com Inc. added 2.2% to HK$131.20.
China Indexes Scale New Multi-Year Highs, Hong Kong Exchange Stays Open During Super Typhoon Ragasa
Li Chen
24 Sep, 2025
Hong Kong
Stocks in China and Hong Kong advanced on hopes that policymakers may announce steps to stimulate economic growth.
The Hang Seng index increased 0.7%, and the mainland-focused CSI 300 index gained 0.5% amid hopes that policymakers are more likely to deliver fiscal stimulus.
Investors have been drumming for government stimulus for the last three months, following mixed macroeconomic data.
Consumer confidence remains shaky amid persistent declines in the residential market and a weak urban labor market, with youth unemployment staying above 25%.
The Hong Kong Stock Exchange remained open for the first time as the city dealt with the No. 10 storm level.
Super Typhoon Ragasa passed through the South China region in the early afternoon, after lashing Hong Kong with strong winds and heavy showers.
The stock exchange operated normal hours after the city implemented a severe weather system last September, providing a fault-tolerant system for seamless trading under inclement weather conditions.
China Indexes and Stocks
The Hang Seng Index rebounded 0.7% to 26,358.89, and the CSI 300 index edged up 0.5% to 4,541.89.
Property developers advanced after the Super Typhoon Ragasa passed Hong Kong with little damage.
China Overseas Land & Investment edged up 0.3% to HK$13.86, Longfor Group Holding increased 0.5% to HK$11.28, China Vanke gained 1.5% to HK$5.47, and Sun Hung Kai Properties decreased 0.2% to HK$92.30.
Alibaba Group Holding increased 5.6% to HK$168.90, Tencent Holdings gained 1.7% to HK$643.0, and JD.com Inc. added 2.2% to HK$131.20.
U.S. Stocks Struggle at Record Highs As Federal Government Shutdown Looms
Barry Adams
23 Sep, 2025
New York City
Benchmark indexes in New York edged slightly lower on Tuesday, and investors continued to pile into artificial intelligence trades.
The S&P 500 index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% amid ongoing geopolitical and U.S. trade policy uncertainties.
Popular benchmark indexes extended the five-month rally, and the indexes reached new record highs after the president backed down from his threat of sky-high tariffs.
However, hundreds of thousands of businesses are at or near breaking point because of the tariff whiplash.
The Trump administration has kept elevated tariff rates for India, China, Brazil, Canada, and Mexico and imposed punitive fees for work visas.
Moreover, the U.S. federal government is heading for a shutdown at the end of the month after the Senate rejected temporary financing proposals by the Republican and Democratic lawmakers.
The extended federal government shutdown could affect payment to employees, contractors, military staff and soldiers, and social security benefits.
U.S. Stock Movers
Nvidia Corp. jumped 3.9% to $183.61 after the chipmaker announced its plan to invest as much as $100 billion in OpenAIfor the construction of data centers.
Electric power companies traded higher as the rising demand from the artificial intelligence-driven data centers fueled enthusiasm.
Constellation Energy Corp. advanced 3.9% to $347.12, Vistra Energy added 3.2% to $217.92, and Oklo Inc. soared 3.8% to $140.30.
Firefly Aerospace plunged 9.6% to $44.75 after the spacecraft vehicle builder reported a wider loss and a decline in revenue in its fiscal second quarter.
AutoZone Inc. decreased 2.9% to $4,000.0, and the specialty retailer reported financial results for the fiscal fourth quarter ending on August 30.
Net sales declined 0.6% to $6.2 billion, net income fell to $837.0 million compared to $902.2 million, and diluted earnings per share decreased 5.6% to $48.71 from $51.58 a year ago, respectively.
Overall, same-store sales increased 4.5%, driven by a 4.8% rise at domestic stores and 2.1% at international locations.
U.S. Stocks Struggle at Record Hig As Federal Government Shutdown Looms
Barry Adams
23 Sep, 2025
New York City
Benchmark indexes in New York edged slightly lower on Tuesday, and investors continued to pile into artificial intelligence trades.
The S&P 500 index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% amid ongoing geopolitical and U.S. trade policy uncertainties.
Popular benchmark indexes extended the five-month rally, and the indexes reached new record highs after the president backed down from his threat of sky-high tariffs.
However, hundreds of thousands of businesses are at or near breaking point because of the tariff whiplash.
The Trump administration has kept elevated tariff rates for India, China, Brazil, Canada, and Mexico and imposed punitive fees for work visas.
Moreover, the U.S. federal government is heading for a shutdown at the end of the month after the Senate rejected temporary financing proposals by the Republican and Democratic lawmakers.
The extended federal government shutdown could affect payment to employees, contractors, military staff and soldiers, and social security benefits.
U.S. Stock Movers
Nvidia Corp. jumped 3.9% to $183.61 after the chipmaker announced its plan to invest as much as $100 billion in OpenAIfor the construction of data centers.
Electric power companies traded higher as the rising demand from the artificial intelligence-driven data centers fueled enthusiasm.
Constellation Energy Corp. advanced 3.9% to $347.12, Vistra Energy added 3.2% to $217.92, and Oklo Inc. soared 3.8% to $140.30.
Firefly Aerospace plunged 9.6% to $44.75 after the spacecraft vehicle builder reported a wider loss and a decline in revenue in its fiscal second quarter.
AutoZone Inc. decreased 2.9% to $4,000.0, and the specialty retailer reported financial results for the fiscal fourth quarter ending on August 30.
Net sales declined 0.6% to $6.2 billion, net income fell to $837.0 million compared to $902.2 million, and diluted earnings per share decreased 5.6% to $48.71 from $51.58 a year ago, respectively.
Overall, same-store sales increased 4.5%, driven by a 4.8% rise at domestic stores and 2.1% at international locations.
China and Hong Kong Indexes Succumbed to Profit-Taking Activities
Li Chen
23 Sep, 2025
Hong Kong
Stock market indexes in China and Hong Kong declined after regulators showed little urgency for a stimulus in the imminent future.
The Hang Seng Index declined 1%, and the CSI 300 Index dropped 1.2% as hopes of monetary stimulus receded following comments from the PBOC governor Pan Gongsheng.
Governor Gongsheng and regulators from the foreign exchange, securities, and banking sectors at an event reviewed the progress in growing the financial sector over the past five years.
Governor Gongsheng's comments focused on balancing economic growth with stability, and he remained confident that the central bank has adequate tools to manage the broader economy.
The central bank head's tone showed little urgency in providing additional economic stimulus, as the economy is set to achieve an annual growth rate of 5%, despite international trade headwinds.
China Indexes and Stocks
The Hang Seng Index decreased 1% to 26,095.10, and the mainland-focused CSI 300 index fell 1.2% to 4,469.01.
Stocks faced a sell-off following a sharp rally over the last eight weeks, and investors booked profit ahead of the start of the earnings season in three weeks.
The stock market exchanges in Hong Kong and Shenzhen are expected to remain open with normal operations as the typhoon-prone area awaits the arrival of Ragasa, the strongest storm since 2018.
Baidu Inc. decreased 7.3% to HK$125.70, Alibaba Group Holding declined 1% to HK$158.20, and Tencent Holdings dropped 1.2% to HK$634.00.
New Oriental Education & Technology increased 1% to HK$40.26, Bank of China edged higher 0.2% to HK$4.29, and Citic Ltd. gained 1.2% to HK$11.50.
China and Hong Kong Indexes Succumbed to Profit-Taking Activities
Li Chen
23 Sep, 2025
Hong Kong
Stock market indexes in China and Hong Kong declined after regulators showed little urgency for a stimulus in the imminent future.
The Hang Seng Index declined 1%, and the CSI 300 Index dropped 1.2% as hopes of monetary stimulus receded following comments from the PBOC governor Pan Gongsheng.
Governor Gongsheng and regulators from the foreign exchange, securities, and banking sectors at an event reviewed the progress in growing the financial sector over the past five years.
Governor Gongsheng's comments focused on balancing economic growth with stability, and he remained confident that the central bank has adequate tools to manage the broader economy.
The central bank head's tone showed little urgency in providing additional economic stimulus, as the economy is set to achieve an annual growth rate of 5%, despite international trade headwinds.
China Indexes and Stocks
The Hang Seng Index decreased 1% to 26,095.10, and the mainland-focused CSI 300 index fell 1.2% to 4,469.01.
Stocks faced a sell-off following a sharp rally over the last eight weeks, and investors booked profit ahead of the start of the earnings season in three weeks.
The stock market exchanges in Hong Kong and Shenzhen are expected to remain open with normal operations as the typhoon-prone area awaits the arrival of Ragasa, the strongest storm since 2018.
Baidu Inc. decreased 7.3% to HK$125.70, Alibaba Group Holding declined 1% to HK$158.20, and Tencent Holdings dropped 1.2% to HK$634.00.
New Oriental Education & Technology increased 1% to HK$40.26, Bank of China edged higher 0.2% to HK$4.29, and Citic Ltd. gained 1.2% to HK$11.50.
Tech Stocks Under Pressure After Trump Sets Prohibitive Work Visa Fees
Barry Adams
22 Sep, 2025
New York City
Benchmark indexes in New York edged down, and gold soared to a new record high on Monday.
The S&P 500 index decreased 0.3%, and the tech-heavy Nasdaq Composite declined 0.2%, following the advance in three consecutive previous weeks.
The Federal Reserve delivered a widely anticipated 25 basis-point rate cut and signaled possible additional rate cuts before the year's end.
The Fed's move was widely anticipated amid growing signs of a slowing labor market driven by reverse immigration and Trump's tariff whiplash.
Farmers on the West Coast are struggling to find workers to pick harvest following the ICE crackdown, and corn and soybean crop growers in the Midwest are worried about the loss of their largest export market, China.
Farmers in the past have voiced their strong opposition to any kind of government handout to other sectors of the economy, but they are now demanding a government bailout to the tune of $25 billion.
Moreover, most of the soybean, corn, and wheat production ends up in export markets, led by demand from China.
This week, U.S. investors are awaiting housing market updates, durable goods orders, personal income and spending data, and comments from various Federal Reserve officials.
August's sales of new homes are expected to hover near an annual rate of 650,000 and existing homes at 4 million, respectively.
The PCE price index, the Fed's preferred measure of inflation, is expected to show contained but resurgent inflation closer to an annual rate of 3%.
Durable goods orders are expected to decrease by 0.4%, the third consecutive month of decline.
On the earnings front, investors are looking forward to the release of quarterly results from AutoZone, Accenture, BlackBerry, CarMax, Costco, KB Home, Jabil Inc., MillerKnoll, THOR Industries, and Raymond James Financial.
U.S. Stock Movers
Kenvue Inc. decreased 4.7% to $17.49 after a report by The Washington Post suggested that the Trump administration is likely to announce that the Tylenol use among pregnant women is possibly linked to autism.
Pfizer Inc. increased 1.7% to $24.44, and the pharmaceutical company announced it would acquire weight-loss drugmaker Metsera Inc. for $4.9 billion in cash.
Metsera soared 60% to $53.45 in Monday's trading.
India-based tech services companies fell sharply after the U.S. president imposed a one-time fee of $100,000 on the H-1B visa, threatening to undermine the global competitiveness of U.S. technology companies.
Infosys Ltd. decreased 3.4% to $16.90, Wipro Ltd. dropped 2.1% to $2.74, and Cognizant Technology Solutions Corp. dropped 3% to $64.25.
Compass Inc. dropped 10.4% to $8.40, and the company agreed to merge with Anywhere Real Estate Inc. in a $10 billion combination of 34,000 real estate agents.
Anywhere Real Estate soared 59% to $11.49 in New York trading.
Oracle Corp. decreased 0.6% to $306.82, and the company announced leadership changes.
The software company appointed Clay Magouyrk and Mike Sicilia as Chief Executive Officers, with current CEO Safra Catz transitioning to Executive Vice Chair of the company’s Board of Directors.
Tech Stocks Under Pressure After Trump Sets Prohibitive Work Visa Fees
Barry Adams
22 Sep, 2025
New York City
Benchmark indexes in New York edged down, and gold soared to a new record high on Monday.
The S&P 500 index decreased 0.3%, and the tech-heavy Nasdaq Composite declined 0.2%, following the advance in three consecutive previous weeks.
The Federal Reserve delivered a widely anticipated 25 basis-point rate cut and signaled possible additional rate cuts before the year's end.
The Fed's move was widely anticipated amid growing signs of a slowing labor market driven by reverse immigration and Trump's tariff whiplash.
Farmers on the West Coast are struggling to find workers to pick harvest following the ICE crackdown, and corn and soybean crop growers in the Midwest are worried about the loss of their largest export market, China.
Farmers in the past have voiced their strong opposition to any kind of government handout to other sectors of the economy, but they are now demanding a government bailout to the tune of $25 billion.
Moreover, most of the soybean, corn, and wheat production ends up in export markets, led by demand from China.
This week, U.S. investors are awaiting housing market updates, durable goods orders, personal income and spending data, and comments from various Federal Reserve officials.
August's sales of new homes are expected to hover near an annual rate of 650,000 and existing homes at 4 million, respectively.
The PCE price index, the Fed's preferred measure of inflation, is expected to show contained but resurgent inflation closer to an annual rate of 3%.
Durable goods orders are expected to decrease by 0.4%, the third consecutive month of decline.
On the earnings front, investors are looking forward to the release of quarterly results from AutoZone, Accenture, BlackBerry, CarMax, Costco, KB Home, Jabil Inc., MillerKnoll, THOR Industries, and Raymond James Financial.
U.S. Stock Movers
Kenvue Inc. decreased 4.7% to $17.49 after a report by The Washington Post suggested that the Trump administration is likely to announce that the Tylenol use among pregnant women is possibly linked to autism.
Pfizer Inc. increased 1.7% to $24.44, and the pharmaceutical company announced it would acquire weight-loss drugmaker Metsera Inc. for $4.9 billion in cash.
Metsera soared 60% to $53.45 in Monday's trading.
India-based tech services companies fell sharply after the U.S. president imposed a one-time fee of $100,000 on the H-1B visa, threatening to undermine the global competitiveness of U.S. technology companies.
Infosys Ltd. decreased 3.4% to $16.90, Wipro Ltd. dropped 2.1% to $2.74, and Cognizant Technology Solutions Corp. dropped 3% to $64.25.
Compass Inc. dropped 10.4% to $8.40, and the company agreed to merge with Anywhere Real Estate Inc. in a $10 billion combination of 34,000 real estate agents.
Anywhere Real Estate soared 59% to $11.49 in New York trading.
Oracle Corp. decreased 0.6% to $306.82, and the company announced leadership changes.
The software company appointed Clay Magouyrk and Mike Sicilia as Chief Executive Officers, with current CEO Safra Catz transitioning to Executive Vice Chair of the company’s Board of Directors.
Japan Indexes Advanced Tracking Wall Street Gains, LDP Kicks Off Campaign for Leadership Race
Akira Ito
22 Sep, 2025
Tokyo
Japan's benchmark indexes advanced on Monday, tracking Friday's Wall Street gains to new record highs.
The Nikkei 225 Stock Average increased 1.4%, and the broader Topix advanced 0.8% after investors reviewed rate decisions from major central banks.
The Bank of Japan left its key short-term rate unrevised and signaled its plan to start selling the ETF and J-REIT holdings, which were accumulated over the years of unorthodox monetary policy.
The U.S. Federal Reserve lowered its key lending rate range by 25 basis points to between 4.0% and 4.25%, and the Bank of England kept its rate steady.
However, the Norges Bank lowered its policy rate by 25 basis points to 4.0%, and Norway's central bank signaled additional rate cuts if the broader economy evolves as projected.
In Japan, the Tokyo-area inflation rate, and in India, a private survey on business activities is on tap.
On the earnings front, Niitaka Co., New World Development, Asahi Co., and Mitachi Co. are scheduled to announce their interim results.
Elsewhere in Asia, the People's Bank of China held its loan prime rates steady at record lows for the fourth consecutive month in September. The one-year rate remained at 3.0%, and the five-year rate stayed at 3.5%.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.4% to 45,688.93, and the broader Topix added 0.8% to 3,173.64.
Semiconductor equipment makers led Monday's gainers in Tokyo trading, after Apple Inc launched the latest version of iPhone in the U.S. and many other countries.
Tokyo Electron gained 4.7% to ¥26,805.0, Advantest Corp. increased 3.3% to ¥15,500.0, and Lasertec Corp. soared 11.5% to ¥21,405.0.
Nintendo Co. Ltd. increased 0.5% to ¥12,865.0, Sanrio Ld. decreased 0.4% to ¥6,758.0, and Fujikura Ltd. added 1.7% to ¥14,205.0.
Nippon Yusen KK decreased 1.6% to ¥5,360.0, Mitsui O.S.K. Lines dropped 2.2% to ¥4,672.0, and Kawasaki Kisen Kaisha Ltd. fell 2.7% to ¥2,220.50.