The Nikkei Average was around ¥850 higher than the previous day during the morning session on the 28th, maintaining levels near the morning high. Buying spread to AI- and semiconductor-related stocks following gains in U.S. equities.
The Nikkei Stock Average was around ¥850 higher than the previous day during the morning session on the 28th, rising by as much as ¥928.31 in the 9 a.m. hour. AI- and semiconductor-related stocks were bought in the U.S. market on the 27th, and buying in AI- and semiconductor-related stocks led the Tokyo market higher as well. The Nikkei Average remained near its highs thereafter.
By sector, Nitto Boseki and Tokuyama rose among glass and ceramics stocks, while Advantest and Tokyo Electron were firm among electrical equipment stocks. Shin-Etsu Chemical and Resonac among chemicals stocks, and Disco and SMC among machinery stocks, also posted notable gains. SUMCO and Hitachi Metals among metal products stocks, and Toyota and Honda among transportation equipment stocks, were also firm. Idemitsu Kosan and ENEOS among oil and coal products stocks, and Dai-ichi Life Holdings and Tokio Marine among insurance stocks, declined.
In the foreign exchange market, as of 10 a.m., dollar-yen was trading in the upper ¥157 range and euro-yen in the middle ¥175 range.