Advantest leads Japan`s Nikkei higher ahead of Nvidia report

Published on 08/27/2025 at 03:01 am EDT
(Reuters) - Japan's Nikkei share average rose on Wednesday, lifted by gains in Nvidia supplier Advantest, while investors awaited the U.S. chipmaker's outlook due before the Tokyo market opens on Thursday.
The tech-heavy Nikkei advanced 0.3% to close at 42,520.27. By contrast, the broader Topix eased 0.07% to 3,069.74.
"The market is focused on Nvidia's outlook. Its results will probably beat market expectations, but the bar for Nvidia to satisfy the market with its outlook is high," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
"Any comments from the company could also become market-moving cues."
Nvidia is set to announce its quarterly report later in the day, with the update likely to fuel or dampen Wall Street's rally in AI-related stocks and Japan's Nikkei, which has heavy exposure to chip-related stocks.
Heavyweight Advantest rallied 4.49% to give the biggest boost to the Nikkei.
Camera maker Nikon surged 20.74% to 1,746.5 yen, a daily limit high, after Bloomberg reported EssilorLuxottica SA , the maker of Ray-Ban sunglasses, was exploring a potential deal to increase its stake in the company.
The market weighed the yen's direction as expectations grew for the Federal Reserve to cut interest rates in September, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.
"If the Bank of Japan raises its policy rate anytime soon, the yen, which has been trading within a range, could spike. The market is worried about that move," said Kamada.
Most automakers slipped, with Honda losing 0.48% and Mitsubishi Motors declining 1.95% after cutting its full-year operating profit forecast by 30%. Meanwhile, Toyota recovered from early losses to finish 0.21% higher.
Bank shares fell, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group shedding 0.99% and 0.85%, respectively.
 (Reporting by Junko Fujita; Editing by Sumana Nandy and Rashmi Aich) 

Sumber : Reuters