The Nikkei 225 index rose on Friday, ending a seven-day consecutive decline, and investors scrambled to buy stocks that appeared to be undervalued after a long period of decline. However, the index is still expected to fall by about 5% this week. Shuutarou Yasuda, a market analyst at the Tokyo Sea and Tokyo Intelligence Laboratory, said, "The market has fallen too much, leading investors to buy back stocks, but heavyweight chip-related stocks remain weak, limiting the rise. The optimistic side is that the market has bought stocks of companies that report optimistic prospects. The strong corporate outlook for next week's earnings season is expected to support the Nikkei 225 index."
日股势将结束七连跌,芯片股表现仍然疲软
The Japanese stock market is expected to end its seven-day losing streak, but the performance of chip stocks remains weak.
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