The Nikkei 225 rebounded for the first time in 4 days on the 27th, rising ¥1,078.72 from the previous day to close at ¥63,268.37. Buying increased toward the close, including during the local session, but aggressive buying was limited ahead of the FOMC and earnings announcements.
The Nikkei 225 rebounded for the first time in 4 days in the afternoon session on the 27th, rising ¥1,078.72 from the previous day to ¥63,268.37, while the TOPIX extended its advance, gaining 24.39 points to 3,997.37. Buying led the market after U.S. stocks rose on the 26th local time, and the Nikkei briefly climbed to ¥63,684.69 in the morning, but upside momentum was weighed down at times by profit-taking sales.
Trading volume on the TSE Prime Market was 2.24473 billion shares, with turnover of ¥6.936 trillion. There were 104 advancers, 798 decliners and 50 unchanged issues.
By sector, 15 of the 33 sectors rose and 18 fell. Nonferrous metals, electrical appliances, banks, machinery and chemicals were relatively firm, while some real estate and pharmaceutical stocks were soft. AI-related and semiconductor-related stocks again helped push the market higher, and bank stocks were also seen testing relatively high levels.
The dollar-yen exchange rate continued to trade around ¥157.70 to the dollar. With the U.S. Federal Open Market Committee (FOMC) meeting beginning on the 27th and earnings announcements entering full swing, the prevailing view was that aggressive buying remained limited amid numerous factors warranting caution.