December 03, 2024 at 01:46 am EST
(MT Newswires) -- Japanese shares rose on Tuesday as Japan avoided broader US chipmaking restrictions, easing concerns over potential impacts on domestic technology firms.
The Nikkei 225 rose 1.85%, or 712.97 points, to end at 39,225.99.
The US imposed new restrictions on China's access to critical chip and AI components but exempted Japan from expanded curbs on chipmaking gear after negotiations.
The move, which affects firms like SK Hynix (KRX:000660) and Samsung (KRX:005930), spares Japan's tech companies, including Tokyo Electron (TYO:8035), from additional restrictions.
On the corporate front, ExaWizards (TYO:4259) sold its subsidiary, tlnk, to Co DMON and agreed to a business alliance to develop childcare and education through AI technology.
Kioxia Holdings (TYO:285A) set a provisional IPO price range of 1,390 yen-1,520 yen per share, aiming to raise up to 125.8 billion yen from newly issued shares and a secondary distribution totaling 82.8 million shares. It currently has 517.5 million shares outstanding.
Japan Display (TYO:6740) partnered with Innolux and CarUX Technology to advance OLED displays using its e LEAP technology, which improves brightness and durability through precise photolithographic pixel patterning.

Sumber : MT Newswires