Japanese stock ADRs were in buying-dominant trading in U.S. markets on the 5th, and the Nikkei Stock Average rose sharply. ADRs were influenced by developments in the U.S. market, led by technology stocks, with notable gains in issues including Toyota and Honda.
Japanese stock ADRs were in buying-dominant trading in U.S. markets on the 5th, and the Nikkei Stock Average rose sharply. During trading, it briefly topped the ¥70,000 mark for the first time in about 3 months. The rise in U.S. stocks led by technology shares was cited as the backdrop, prompting buying in Japanese stock ADRs.
Among individual stocks, Toyota and Honda rose, while Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group also traded at higher levels. Sony Group, meanwhile, fell.
The day's moves were reported by Nikkei QUICK News (NQN), and the buying-dominant trading in ADRs may have been linked to increased risk appetite in U.S. markets. The overall flow of funds into Japanese stocks appears to have improved alongside the sharp rise in the Nikkei.
Overall, Japanese stock ADRs were confirmed to be in buying-dominant trading on the 5th. Among individual stocks, Toyota and Honda were firm, financial stocks were relatively strong, and Sony Group declined relatively sharply.