The Nikkei 225 traded near its highs in the Tokyo stock market, while trading activity remained subdued and gains in semiconductor-related stocks supported the market.
The Nikkei 225 traded in a narrow range near the day's highs, with strength in financial and semiconductor-related stocks standing out. With the final trading day to receive September rights approaching, speculation around securing those rights is seen as providing support for share prices, although the actual scale of buying is reportedly limited.
At the opening of the afternoon session, the Nikkei 225 opened higher than the previous day's close, while some high-priced shares, including Tokyo Electron and Advantest, rose. The morning session ended sharply higher, and the TOPIX also advanced. Bank stocks were also bought against the backdrop of rising Japanese and US bond yields, keeping the market firm.
Toward the morning close, the Nikkei 225 widened its gains. The morning close was shown at ¥66,318.14, while the TOPIX stood at 4,123.73. Trading volume was approximately 899.80 million shares, and trading value was approximately ¥3.7397 trillion.