The Nikkei Average rebounded sharply during the morning session, with gains in Advantest and Recruit Holdings lifting the index by approximately ¥699. The Nikkei Average stood at ¥66,931.48 at the end of the morning session.
As of the morning close on the 10th, 130 Nikkei Average constituents were advancing, 94 declining and 1 unchanged, while the Nikkei Average ended the morning session up ¥1,324.77 at ¥66,931.48. Semiconductor and AI-related stocks lifted the index in the morning, following moves in the US market. The index briefly recovered to the ¥67,000 range in the middle of the morning session and remained near its high. Recruit Holdings hit its daily price limit on earnings, while buying also spread to Advantest and Tokyo Electron.
Advantest was the top contributor among advancing stocks, lifting the Nikkei Average by approximately ¥398, followed by Recruit Holdings, which contributed approximately ¥301.70. Tokyo Electron, Fujikura, Ibiden, Terumo and Shin-Etsu Chemical also increased their contributions. On the declining side, KDDI was the largest negative contributor, weighing on the index by approximately ¥64, followed by Secom, SoftBank Group and Fast Retailing.
Overall, buying spread during the morning session, centered on movements in major stocks, and the Nikkei Average expanded its gains as the session progressed. As of 11:30, the Nikkei Average stood at ¥66,931.48, with 130 advancing stocks, 94 declining stocks and 1 unchanged stock.