The Nikkei 225 index rose over 800 points, with Japanese and South Korean semiconductor stocks rising across the board.

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Reporter丨Liu Xueying

Editor丨Zeng Jingjiao

On April 3, Japanese and South Korean stock markets opened higher and followed the overnight rise in U.S. stocks.

As of around 8:35, the Korea Composite Stock Price Index (KOSPI) saw its gain briefly widen to 3%, SK hynix’s share price rose 6%, and Samsung Electronics rose nearly 5%.

The Nikkei 225 rose by 874 points, with both the Nikkei and the TOPIX index rising by about 1%. Tokyo Steel Manufacturing surged 18%, Casio rose more than 8%, and Mitsubishi Electric rose 4%. Several semiconductor stocks climbed: Rohm Semiconductor rose more than 3%, and Advantest rose more than 2%.

At the same time, Japanese government bond prices fell across the board. Among them, the yield on the 10-year Japanese government bond touched 2.395%, the highest level since February 1999. The yield on the 20-year bond rose by 2.5 basis points to 3.290%.

Most Japanese pharmaceutical stocks were slightly down. Chugai Pharmaceutical fell nearly 3%, and Ono Pharmaceutical Industry fell more than 1%. In terms of news, the U.S. announced that it would impose an additional 100% tariff on imported patented drugs and pharmaceutical ingredients.

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