The Nikkei index rose by 0.4%, boosted by strong performance in chip stocks.

Following the rise of U.S. technology stocks overnight, the Japanese stock market opened higher. Chip stocks led the gains. Kioxia rose 3.0%, and Lasertec increased by 4.7%. The dollar was quoted at 157.40 yen, down from 156.63 yen at the close of the Tokyo stock market on Monday. After Iran announced on Monday that there are currently no negotiations with the United States, investors are closely monitoring developments in the Middle East. Corporate quarterly earnings are also a point of focus. The Nikkei index rose 0.4%, closing at 63,987.36 points.