Japan’s Nikkei ends higher as chip stocks gain

Japan’s benchmark Nikkei stock index closed fractionally higher Tuesday, as chip-oriented issues gained on hopes for increased production amid some caution ahead of earnings and outlook reports from domestic and overseas firms this week.

The 225-issue Nikkei Stock Average edged up 26.55 points, or 0.09 percent, from Monday to close the day at 28,620.07.

The broader Topix index, meanwhile, added 4.81 points, or 0.24 percent, to finish at 2,042.15.

Local brokers said the market mood was bolstered in part following news the previous day the government here plans to expand subsidies to chipmaker Rapidus Corp. to build a new plant in northern Japan to boost output.

Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. 

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