The Nikkei Average rebounded on the 13th in Tokyo trading, closing ¥322.99 higher day on day at ¥61,142.35. Buying by overseas short-term investors continued, and the Nikkei at one point showed a gain of more than ¥1,000.
The Nikkei Average rebounded in Tokyo trading on the 13th, closing ¥322.99 higher day on day at ¥61,142.35. Intermittent buying of futures, prompted by the yen's continued depreciation against foreign currencies, kept the market firm. The Nikkei at one point gained more than ¥1,000, but selling gained the upper hand in the latter half of the session and the index lost momentum.
Buying emerged toward the end of the session, mainly in semiconductor-related stocks, with high-priced shares such as Advantest pushing up the market. At the same time, selling spread to some AI and semiconductor-related stocks in response to turmoil in the South Korean market, and profit-taking was also seen in several issues.
Trading value on the TSE Prime Market was approximately ¥8.4082 trillion, trading volume was approximately 2.5 billion shares, and the TOPIX rose for a fifth straight session to close at 3,941.57. Fast Retailing and Recruit stood out among stocks with a high contribution to the Nikkei, while SBG at one point ended down 5%.
In the previous day's US market, global equity-market weakness was a concern following reports that Nvidia's CEO would resign, but short covering helped drive the market higher.