The Nikkei Stock Average rose sharply for a second consecutive session on the Tokyo Stock Exchange on the 5th, closing at ¥66,300.44, up ¥2,342.91 from the previous day. Buying orders were dominant on expectations that the turmoil in the Middle East would subside, and a broad range of stocks rose.
The Nikkei Stock Average rose sharply for a second consecutive session on the Tokyo Stock Exchange on the 5th, closing at ¥66,300.44, up ¥2,342.91 from the previous day. The TOPIX closed at 4,046.17, up 84.39 points, while trading volume reached 2.78122 billion shares. Buying spread across a broad range of stocks, with particularly strong gains among high-priced shares.
US Treasury Secretary Bessent said that an agreement between the United States and Iran to open the Strait of Hormuz could be reached soon. This was seen as a positive factor, and US crude oil futures prices fell on expectations that maritime transportation would normalize. Buying increased as concerns that inflation would weigh on the economy receded.
Gains in high-priced AI-related stocks, including SoftBank Group and Advantest, a major semiconductor inspection equipment maker, stood out. The sharp rise in semiconductor-focused indexes in the US stock market on the 4th also supported the market. Major Asian markets were generally firm during trading hours.