Nikkei reportedly rises about 1.5% despite a drop in August factory output

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.