Nikkei opens 513 points higher as Kioxia and Tokyo Electron lead gains

The Nikkei average opened 513.62 points higher at 66,775.78 on Thursday, marking a third consecutive day of gains, led by semiconductor stocks such as Kioxia Holdings and Tokyo Electron. The rise followed a strong Philadelphia semiconductor index and positive after-hours trading for Nvidia after its earnings beat expectations. A weaker yen also supported exporter shares, though US major indexes fell slightly and higher oil prices tempered sentiment. Foreign investors sold Japanese stocks for the first time in two weeks, with net selling of 764.1 billion yen. Mining, glass, and machinery sectors led gains, while services and real estate declined.