Japan’s Nikkei index rises despite the faltering shares of chip manufacturers

Japan’s Nikkei index rose on Wednesday, recovering from declines recorded early in the session, as the decline in the yen supported shares of export companies, but shares of chip manufacturers fell.

The Nikkei rose 0.29 percent to close at 33,451.83 points.

The broader Topix index rose 0.44 percent.

Cyber Agent shares led gains on the Nikkei index, rising 4.95 percent. Shares of Fast Retailing, which owns the Uniqlo supermarket chain, increased 1.26 percent.

Shares of automakers rose in general, with Subaru shares increasing 2.29 percent, while truck manufacturer Isuzu shares rose 1.92 percent.

But shares of chipmakers suffered losses.

Advantest, a manufacturer of chip testing equipment, fell 4.33 percent.