Tokyo stocks surged due to increased buying in the tech sector, driven by hopes of semiconductor growth. The Nikkei 225 index rose over 2%. China's push for tech self-reliance led to a $147 billion rally in Japanese chip-sector stocks. Chinese firms like Huawei are fostering local chip suppliers, reducing reliance on foreign technology. Japanese chip stocks saw a surge in demand from China.
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Japanese Chip Stocks Surge on China Demand - Bloomberg https://t.co/tAnRIzo11h
Tokyo stocks open lower after sharp gains, Wall St. falls https://t.co/RJfxpeeJzv
China is quietly reducing its reliance on foreign chip technology: Firms such as Huawei are cultivating local suppliers https://t.co/iNxbuxB4O8
China's bid for self-reliance in tech is fueling a $147 billion rally in Japanese chip-sector stocks https://t.co/uP3zyMoVL5
Asia stocks rise as tech shares rally, with the Nikkei 225 surging more than 2% https://t.co/hlJxw1QXVm
Tokyo stocks jump on tech buying amid semiconductor growth hopes https://t.co/8JXSC7VMnZ