Japan's Nikkei rebounds; Advantest drops as Nvidia's strong growth forecast fails to cheer
Nikkei share average edged up on Thursday, rebounding from its declines in previous sessions, but gains were limited as chip company Advantest fell despite a strong growth forecast by its client Nvidia.
The Nikkei was up 0.15% at 38,198.96 by the midday break, while the broader Topix rose 0.49% to 2,729.63.
«Nvidia reported firm results but the market was not overjoyed,» said Yusuke Sakai, a senior trader at T&D Asset Management.
«If the market had been more positive to Nvidia's outcome, the U.S. stock futures could have risen. Their muted moves weighed on Japanese stocks,» he said.
The market had been awaiting artificial intelligence chip-maker Nvidia's earnings for a cue to lift the Nikkei, which touched a four-month low on Wednesday.
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