The Nikkei Average extended its gains in the Tokyo stock market on the morning of the 11th. Buying spread across semiconductor-related stocks, while SoftBank Group remained under pressure but resisted a decline.
The Nikkei Stock Average extended its gains in the Tokyo stock market on the morning of the 11th, closing the morning session at ¥60,942.48, up ¥482.90 from the previous day. Buying spread on the perceived value following the US midterm elections and improved supply-demand conditions, and although the index temporarily fell in the morning, it gradually recovered.
There were periods when AI-related stocks, led by semiconductor stocks, came under selling pressure. However, domestic-demand stocks, as well as undervalued bank, securities and trading company stocks, were bought first against a backdrop of declining margin-buying balances, followed by buying in semiconductor-related stocks such as Advantest and Tokyo Electron.
The TSE Prime Market Index, TOPIX, also extended its gains, closing the morning session at 3,924.51 points. The JPX Prime 150 Index also extended its gains, ending the morning session higher.
As of the midday close, estimated trading value on the TSE Prime Market was ¥4.0929 trillion, and trading volume was 1.19902 billion shares. There were 914 advancing stocks, approximately 60% of the total, 593 declining stocks and 44 unchanged stocks.
Among individual stocks, TDK, Ibiden, Lasertec and Taiyo Yuden rose, while Konami G, Recruit, Honda and Suzuki declined.