Nikkei 225 Jumps Over 2,200 Points as Japan Stocks Rally on Chip Surge

Japan’s Nikkei 225 surged more than 2,200 points in early trading, breaking above the 65,000 level as equities tracked strength in U.S. semiconductor stocks. The Philadelphia Semiconductor Index jumped 6.55% overnight, boosting demand and lifting Japanese chip and technology names. Advantest, SoftBank Group, Tokyo Electron, Kioxia, TDK, Murata Manufacturing, and Ibiden led the gains. The yen stayed supported after coordinated U.S.-Japan intervention, while expectations for additional Bank of Japan rate hikes kept 10-year Japanese government bond yields near multi-year highs, providing a continued backdrop for risk sentiment.