The Nikkei Average was up around ¥940 in the morning session on the 13th, opening with buying in the lead. Buying initially prevailed against the backdrop of gains in U.S. stocks, but the market has remained rangebound through the morning.
As of 10:13 a.m. on the 13th, the Nikkei Stock Average was trading around ¥68,460, up approximately ¥940 from the previous day. It reached ¥68,799.71 at 9:21 a.m. Following gains in the Nasdaq Composite and SOX in the U.S. market, buying led the Japanese market, particularly in AI-related and semiconductor stocks.
Buying then ran its course, and the market became rangebound again under selling from investors waiting for a rebound. Nikkei futures, based on the Osaka Exchange settlement value, were up ¥850 at around ¥68,510.
By sector, 12 of the 33 sectors were higher and 21 were lower. Glass and ceramics stocks TOTO and NGK, nonferrous metal stocks Mitsui Kinzoku and Sumitomo Electric, and electrical equipment stocks Advantest and Tokyo Electron were among the gainers. Some rubber products and insurance stocks declined.
In the Tokyo foreign exchange market, as of 10:07 a.m., the dollar was trading in the low ¥159 range and the euro in the mid-¥183 range. This report is provided by Wealth Advisor as investment information.