Bullish
Nikkei 225 surges 3.30% to 68,956.72 yen following Micron's strong earnings report.
The Nikkei 225 index closed at 68,956.72 yen on October 1, 2026, marking a 3.30% increase. This surge was driven by Micron Technology's optimistic revenue forecast, which bolstered investor confidence in semiconductor stocks. Notably, Advantest's shares rose by 10%, while Tokyo Electron and Kioxia each gained 6%, collectively contributing to nearly half of the index's overall growth.
Key points
- Micron Technology's revenue forecast of approximately $61.5 billion for the September-November period, a 4.5-fold increase from the previous year, exceeded analyst expectations.
- Advantest's stock price increased by 10%, while Tokyo Electron and Kioxia each saw a 6% rise, significantly contributing to the Nikkei 225's gain.
- The Nikkei 225 index reached its highest level since August 17, 2026, when it stood at 69,220 points.
Sources
AI-generated from public news sources. Not financial advice.
