In Tokyo trading on the 28th, the Nikkei 225 extended its gains, closing ¥685.82 higher than the previous day at ¥63,954.19. Advantest rose 3%, and funds flowed into semiconductor-related stocks against a backdrop of gains in the US semiconductor index and a sharp rise in the KOSPI.
In Tokyo trading on the 28th, the Nikkei 225 extended its gains, closing ¥685.82 higher than the previous day at ¥63,954.19. Buying remained dominant after the open, and the index rose sharply at one point during the day.
The article reports that the momentum following gains in US semiconductor stocks on the 27th continued, and explains that the sharp rise in the KOSPI, which has a high weighting of semiconductor stocks, also lifted investor sentiment on the 28th. It says there was speculation that overseas short-term traders were buying semiconductor-related and AI-related stocks.
Against this backdrop, Advantest shares are reported to have risen by around 3%. It has been suggested that movements in the US market and the upbeat tone in Asian markets combined to provide a buying catalyst for Japanese stocks overall.
The article indicates that follow-up coverage will be required and reports that attention is expected to remain focused on semiconductor-related stocks, developments in the US market and the KOSPI.