Japanese stocks closed higher, supported by chip stocks and exporters

Japanese stocks ended slightly higher on Tuesday, supported by gains in chip-related stocks as well as exporters, which rose on the back of the yen’s decline against the dollar.

The Nikkei index increased 0.24 percent, closing at 27,885.87, while the Topix index rose 0.12 percent, closing at 1950.22.

The dollar rose against the yen on Monday night, after data showed that service sector activity in the United States unexpectedly recovered in November, which reinforced expectations about the possibility of the Federal Reserve, that is, the US central bank, raising interest rates more than estimated during the period. past.

Tokyo Electron and Advantest rose 1.04% and 0.95%, respectively, while robotics maker Fanuc rose 1.1%.

Fast Retailing, which owns the Uniqlo brand, rose 2.04 percent, contributing the biggest boost to the Nikkei index.

Shares in CyberAgent, which broadcasts all World Cup football matches through its application Abima, fell 4.14 percent, and was the worst performer on the Nikkei index after Japan lost to Croatia in the football tournament.