Japan’s Nikkei Recovers, Boosted by Chip-Related Shares

Japan’s Nikkei 225 Index recovered from early losses and closed higher in today’s session, supported by gains in US stock futures as investors bought shares of chip-related companies and other undervalued stocks.

The Nikkei rose 0.72% to 37,053.1 points at the close after falling 0.5% earlier in the session.

The index rose 0.45% for the week, ending three consecutive weeks of losses.

The broader Topix index rose 0.65% to 2,715.85 points.