Asian shares gain as most regional markets stay closed for Lunar New Year holidays [Yahoo! Finance Canada]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance Canada
U.S. futures climbed slightly and oil prices also edged higher. In Tokyo, the Nikkei 225 added 1.2% to 57,249.43 by midday as lawmakers prepared to reappoint Sanae Takaichi as prime minister following a landslide victory for her ruling Liberal Democrats in a Feb. 8 election. Technology companies led the advance, with computer chipmaker Tokyo Electron gaining 3.5%. Japan reported its exports jumped nearly 17% in January from a year earlier. The jump was partly driven by seasonal factors, but the AI boom also boosted shipments of computer chips and other components. Shares in technology and energy giant SoftBank Group fell 2.8%, extending a more than 5% loss on Tuesday, after the administration of U.S. President Donald Trump announced that its subsidiary SB Energy will participate in a $33 billion natural gas facility, said to be the world's largest, near Portsmouth, Ohio. That agreement is part of Japan's commitment of $550 billion in U.S. investments as part of a trade deal
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News
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