Nikkei 225 Recovers 70,000 Level on Semiconductor Stock Strength

Japanese stocks rose on July 6, with the Nikkei 225 gaining 482.03 points (0.69%) to 70,226.10 as of 9:14 AM, driven by strength in select semiconductor stocks. The index recovered the 70,000 level after falling to 68,000 last week. Individual investors demonstrated bargain-hunting sentiment focused on artificial intelligence and semiconductor-related stocks, while US markets remained closed on July 3 for Independence Day.

The Topix index advanced 24.85 points (0.61%) to 4,089.45 during the same timeframe.

Tokyo Electron and Advantest Rise While SoftBank Group Declines

Tokyo Electron and Advantest saw slight gains in early trading on July 6. SoftBank Group and Kioxia declined due to profit-taking, creating divergence within semiconductor stocks. Market participants observed that sustained investment sentiment toward AI and semiconductors could continue supporting Japanese equities.

Micron Holds Hiroshima Groundbreaking Ceremony for 2028 HBM Production

Micron Technology and Japan's Ministry of Economy, Trade and Industry held a groundbreaking ceremony in Hiroshima Prefecture over the weekend for new production facilities. Micron will produce high-bandwidth memory (HBM) and other advanced memory semiconductors at the facility starting in 2028, with Japanese government support.

China's CXMT plans major equipment investment in Shanghai this year, backed by government policy and financial support.

Dollar-Yen Rate Trades at 161.535 Amid Intervention Speculation

The dollar-yen exchange rate rose 0.11% to 161.535 yen as of 9:14 AM on July 6. The rate rebounded to the 161 yen level on July 3 after briefly dropping to 160 yen last week. Market participants are closely monitoring whether the Japanese government will intervene in the foreign exchange market.

FAQ

What level did the Nikkei 225 reach on July 6? The Nikkei 225 rose 482.03 points (0.69%) to 70,226.10 as of 9:14 AM on July 6, recovering the 70,000 level after falling to 68,000 last week.

When will Micron start producing HBM in Hiroshima? Micron will begin phased production of high-bandwidth memory (HBM) and other advanced memory semiconductors at its Hiroshima facility starting in 2028, following a groundbreaking ceremony held over the weekend with Japan's Ministry of Economy, Trade and Industry.