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Nikkei reportedly rises about 1.5% despite a drop in August factory output
One market post says more than ¥18.2 trillion ($116 billion) was added to Japanese stocks. A separate market digest says chip and bank shares were strong.
TLDR
A market post says the Nikkei rose 1.55% even as Japan’s August factory output unexpectedly fell 1.7%. A separate digest puts the gain at about 1.5% and notes strength in chip and bank shares. Another market observer argues that buying was concentrated in chip stocks and reflected Tokyo catching up to Tuesday’s U.S. chip rally.
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