The Nikkei 225 extended its gains sharply. Despite the impact of the previous day's decline in U.S. stocks and a higher-than-expected U.S. CPI reading, the index widened its gains toward the close on buying in semiconductor-related stocks and recovered to the ¥61,000 level.
The U.S. CPI reading on the 11th came in above market expectations, while the rise in long-term U.S. Treasury yields continued. The Nikkei 225 initially fell after opening but rebounded as investors bought high-priced semiconductor-related stocks. SoftBank Group, which announced its earnings the previous day, weighed on the market at times, but the ongoing depreciation of the yen against the dollar supported prices.
Buying gained momentum toward the close, and the Nikkei 225 ended 789.01 yen higher at 61,248.59 yen, marking its third consecutive daily gain. Trading volume on the TSE Prime Market was approximately 2.7 billion shares, while trading value was approximately ¥8.6968 trillion.
By sector, textiles and apparel, electric appliances and banks advanced, while rubber products, land transportation and air transportation declined. Approximately 54% of stocks across the market rose, while approximately 43% fell.
Among semiconductor-related stocks, Advantest, Tokyo Electron, Ibiden, TDK, Kioxia Holdings, Lasertec, FANUC and Kyocera gained. In contrast, Fast Retailing, Konami Group, Recruit Holdings, Honda, KDDI, BayCurrent, SoftBank Group, Omron, Suzuki, Sony Group, Bridgestone, Ajinomoto, Sapporo Holdings, Mitsubishi Corporation and Seven & i Holdings declined.