The Nikkei average was around ¥66,100 on the morning of the 24th, up approximately ¥1,080 from the previous day. It reached ¥66,249.11 at 9:32 a.m., recovering above ¥66,000 for the first time in just over two weeks.
In the Tokyo market on the morning of the 24th, the Nikkei average remained around ¥1,080 above the previous day’s level. Against a backdrop of buying in US technology stocks and the Nasdaq Composite’s firm performance, the Nikkei average recovered to the ¥66,000 range. Trading picked up as the Tokyo market made up ground lost while it was closed for Silver Week.
By sector, 16 of the 33 sectors rose and 17 declined. Sumitomo Electric Industries and Fujikura in nonferrous metals, Kioxia and Murata Manufacturing in electrical equipment, Konami Group and Capcom in information and communications, and SUMCO and Sanwa Holdings in metal products were among the stocks bought. On the other hand, Oriental Land and Recruit Holdings in services, and Tokyo Electric Power Company Holdings and Kansai Electric Power in electric power and gas declined.
In the foreign exchange market, as of 10:12 a.m., the dollar was trading in the upper ¥157 range against the yen and the euro in the upper ¥179 range, reflecting overseas market trends. Some market participants expect buying momentum to continue toward the close of the Tokyo session.