Nikkei rises 0.4%, led by gains in chip stocks

Glonghui, August 4th｜Following the overnight rise in US tech stocks, the Japanese stock market opened higher. Chip stocks led the gains. Kioxia rose 3.0%, Lasertec rose 4.7%. The US dollar was at 157.40 yen, compared to 156.63 yen at Monday's close in the Tokyo stock market. After Iran stated on Monday that there are currently no negotiations with the US, investors are closely monitoring developments in the Middle East. Corporate quarterly earnings are also a focus. The Nikkei Index rose 0.4% to 63,987.36 points.