The Nikkei Average rose ¥1,439.17 from the previous weekend to ¥66,460.11 during the morning session on the 7th, extending its sharp gains. TOPIX also rebounded for the first time in 3 sessions and traded near its morning high.
The Nikkei Average rose more than ¥43.87 from the previous weekend during the morning session on the 7th, reaching ¥66,460.11. TOPIX also rose 25.30 points to 4,128.53, marking its third consecutive session of gains. Buying was led by semiconductor stocks, which absorbed profit-taking sales as the market traded near its highs. The yen strengthened at one point to the ¥155.80-per-dollar range, but it is currently trading broadly around ¥156 to the dollar.
Marketwide trading volume was 961.50 million shares, with trading value at ¥3.9584 trillion. There were 683 advancers and 829 decliners, with decliners accounting for more than half of all issues. By sector, 17 of the 33 sectors rose and 16 fell. Shipping, nonferrous metals, glass and ceramics, electrical equipment, and information and communications stocks performed well, while Other Products and services stocks tended to decline.
Among other movers, Japanese stocks including レーザーテク, MARUWA, サムコ, KOUS, and イビデン rose, while Sansan, 寿スピリッツ, ラクス, Mフォワード, and シンプレＨＤ were among those that fell.
Based on the reporting provided, the key features of the morning session were the Nikkei Average's sharp rise and mixed strength across the market.