In Tokyo trading on the 29th, the Nikkei 225 rose for a third straight day, closing ¥705.08 higher than the previous day at ¥64,659.47. Gains in AI- and semiconductor-related stocks supported the market.
In Tokyo trading on the 29th, the Nikkei Stock Average (225 issues) rose by approximately ¥706 from the previous day, closing at ¥64,659.47 for a third consecutive gain. The major contributor was アドバンテスト's upward revision to its earnings forecast for the fiscal year ending March 2027, against a backdrop of AI-related demand. Most AI- and semiconductor-related stocks rose, helping to push up the market.
Meanwhile, elevated crude oil futures prices resulting from turmoil in the Middle East weighed on the broader market, with half of the Tokyo Stock Exchange Prime Market issues declining. Ahead of the Bank of Japan's Monetary Policy Meeting, a wait-and-see stance also strengthened, heightening caution over potential market volatility.
The Tokyo Stock Price Index (TOPIX) rose 11.57 points to 4,003.28, and overall market performance was driven largely by selected AI- and semiconductor-related stocks. As the market remained focused on assessing the outlook, many market participants were waiting for the outcome of the monetary policy meeting.