The Tokyo market reversed higher after opening lower, with the Nikkei average closing up 405 yen. Trading remained subdued amid a wait-and-see mood ahead of Nvidia's earnings announcement.
The Nikkei average extended its gains on the 26th in the Tokyo stock market, closing at ¥66,262.16, up ¥405.73 from the previous day. Trading volume was approximately 1.8535 billion shares, while trading value was approximately ¥6.7057 trillion. There were 978 advancing stocks, 518 decliners and 60 unchanged.
The market started soft in the morning, with position-adjustment selling emerging as a wait-and-see mood spread ahead of developments in the New York market and Nvidia's earnings. During trading hours, semiconductor-related stocks attracted buying against the backdrop of gains in the South Korean market, lifting the broader market.
Among individual stocks, Advantest, SoftBank Group, Murata Manufacturing and Recruit Holdings were relatively firm. Daiichi Kigenso Kagaku Kogyo and Bengo4.com hit their daily price limits, while Toho Zinc and RESTAR were among the stocks that posted particularly sharp gains. Kioxia Holdings fell, while Taiyo Yuden and Fast Retailing also declined at times.
Across the market, trading value remained at a low level, hovering near its lowest range since 21 April. Cautious trading continued ahead of Nvidia's earnings announcement.