Nikkei Rises 1.5% to 66460.68, Led by Chip and Bank Stocks Amid Easing Inflation Concerns
Japanese stocks are higher after oil prices fell overnight, easing concerns about rising inflation and fast-paced rate increases by global central banks. Chip-related, banking and metals stocks are leading gains, with Tokyo Electron Ltd. up 3.6%, SoftBank Group 3.8% higher, Mizuho Financial Group up 2.5% and Sumitomo Metal Mining 3.8% higher. The dollar is trading at 157.33 yen.
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