Nikkei Rebounds as Chip Buying Offsets Yen and Oil Worries

Tokyo stocks rise 307 points as chip shares rebound on buying.

Tokyo stocks rose on July 23, with the Nikkei 225 closing at 66,422.60, up 307.00 points, as investors bought back semiconductor and artificial intelligence-related shares despite renewed concern over the yen’s weakness near 40-year lows and oil prices driven…