Tokyo stocks rose sharply by the morning close, led by buying in semiconductor-related shares. The Nikkei average was up about ¥1,600, with market attention focused on semiconductor-related trends.
The Nikkei average continued to post strong gains, reaching about ¥1,600 higher by the morning close. Semiconductor-related stocks were believed to have supported the market against a backdrop of broad-based gains. Some market participants expect this trend to continue toward the afternoon opening.
Among individual stocks, Rasa Industries extended its winning streak to 3 days. Reports said the company plans to build a new plant in Taiwan for high-purity phosphoric acid used in semiconductors, which may have stimulated investor buying. Expansion of semiconductor-related supply chains and production capacity has been cited as a factor lifting share prices. There was also information that the performance of other semiconductor-related stocks affected the Nikkei average. In addition, semiconductor-related trends were cited as a potential catalyst for a recovery to the ¥68,000 range in afternoon trading.
As another stock-specific factor, Gセキュリティ continued to rise amid reports that it is considering a capital and business alliance with Keyware Solutions. These stocks have been highlighted as indicators of trends in security-related shares, alongside the market's overall response. The Nikkei average's sharp rise, combined with these stock-specific factors, has attracted investor attention.