Sony Group Corp. rose over 4% in pre-market trading as Japan's major semiconductor manufacturer plans to invest about 5 trillion yen in increased production.
$Nikkei 225 (.N225.JP)$The index rose more than 2.4%, hitting a record high. Mainly driven by high-tech stocks, the weakening yen also boosted export stocks, stimulating foreign investors' interest in purchasing Japanese assets. According to Nikkei Asia, major Japanese semiconductor manufacturers including Sony Group and Mitsubishi Electric Corp. Unsponsored ADR are planning to invest around 5 trillion yen (31 billion dollars) by 2029 to enhance the production of power devices and image sensors.
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