Tech stocks refer to shares of companies that operate in the technology sector. This sector includes businesses that develop or provide technological products and services, such as software, hardware, electronics, and information technology solutions. Tech stocks are often characterized by their potential for rapid growth and innovation, reflecting the fast-paced nature of the technology industry. Investors typically buy tech stocks with the expectation that advancements in technology and the increasing reliance on tech products will drive higher revenues and profits for these companies. The performance of tech stocks can be influenced by various factors, including market trends, consumer demand, regulatory changes, and advancements in technology.
The Nikkei 225 opened with optimism, influenced by Wall Street's tech sector, hitting a high of 37,326 points. Semiconductor stocks, particularly Advantest, saw significant gains. Bank of Japan's focus on…