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Japan's Nikkei rises 1%, tech shares seen involved in $550 bln US deal gain
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Japan's Nikkei rises 1%, tech shares seen involved in $550 bln US deal gain
Mar 11, 2026 4:31 AM

TOKYO, Feb 18 (Reuters) - Japan's Nikkei share average

rose on Wednesday, set to snap a four-day losing streak, as

technology firms that are seen as involved ​in Japan's $550

billion U.S. investment project gained.

The ‌Nikkei rose 1% to 57,131.89 as of 0135 GMT and

the broader Topix ⁠was up 1.35% at 3,812.39.

President Donald Trump's administration on ⁠Tuesday announced

three projects valued at $36 billion to ‌be financed ‌by Japan,

including an oil export facility in Texas, an industrial

diamonds plant in ​Georgia, and a natural gas ‌power plant in

Ohio.

The projects are the first investments under Japan's $550

billion U.S. investment pledge as part ​of a trade deal that ​cut

Trump's ‌tariffs on Japanese imports to 15%.

"Investors have been buying those stocks related to the

Trump deal in the past ⁠several days," said Takamasa Ikeda,

senior portfolio manager at ⁠GCI Asset Management.

Electronic components TDK jumped 6.67%, while fibre

optic cable makers Fujikura ( FKURF ) and Furukawa Electric ( FUWAF )

rose 3.2% and 2.75%, respectively.

Technology investor SoftBank Group ( SFTBF ), which is expected

to be part ⁠of ‌the project, fell 1.89% after the artificial

intelligence ‌sector was excluded from the list of initial

projects.

Other decliners included ⁠memory chip maker Kioxia ( KXHCF ),

which slipped 3.64% to track a 5.7% drop in U.S. memory chip

maker Sandisk ( SNDK ) overnight.

Chip-testing equipment maker Advantest ( ADTTF ) fell 0.84%.

Financial stocks rose, becoming the largest contributor to

the Topix's gain.

Mitsubishi UFJ Financial Group ( MUFG ) and Sumitomo Mitsui

Financial Group ( SMFG ) rose more ​than 3% each. Mizuho

Financial Group ( MFG ) gained 1.8%.

Of more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 76% ​rose, and 20% fell, ‌while 3% traded

flat.

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