JX Metals shares extended gains on the Tokyo Stock Exchange on the 10th after the company was reported to have raised its forecast for the fiscal year ending March 2027. Growth in semiconductor materials was cited as a contributing factor.
The Nikkei Stock Average closed on the 10th at ¥60,459.58, up ¥1,684.08 from the previous day, recovering the ¥60,000 level for the first time in 3 trading days. Buying focused on AI and semiconductor-related stocks, following gains in U.S. equities, lifted the market. Intermittent buying, thought to be from overseas short-term investors, also entered Nikkei futures and is believed to have helped support the market.
JX Metals extended gains during the session after being reported to have raised its earnings forecast for the fiscal year ending March 2027. The article describes expanding demand for semiconductor materials as a tailwind for earnings and points out that it could contribute to improvements in the company's sales and profits.
The Nikkei's rise was reported to have followed gains in U.S. equities, led by movements in AI-related and semiconductor-related stocks, while attention is also focusing on individual stocks. Future market direction may depend on trends in materials-related businesses, including semiconductor materials, as well as movements in overseas markets.