The Nikkei 225 rose ¥65.72 to ¥60,525.30 at the open, with stocks including Shiseido and Toray gaining on reassurance following the decline in US stocks and the weaker yen.
The major US stock indices closed lower the previous day, but buying prevailed at the open in Tokyo. Expectations for domestic export-related stocks were supported by rising long-term US Treasury yields and the yen's move toward depreciation.
By sector, textiles, insurance, other products and retail ranked among the top gainers, while services, nonferrous metals, machinery, transportation equipment and metal products fell. Following the Nikkei 225's sharp rise, Shiseido, Toray, Nintendo and Fast Retailing were among the stocks that gained.
Among stocks with the highest trading value, Shiseido, Toray, ARCHION, Sanrio, Tokio Marine Holdings, NEC, Bandai Namco Holdings, Itochu, Marubeni, Nintendo and Asics rose. Meanwhile, SoftBank Group, Sumitomo Metal Mining, Fujikura, Ibiden, Mitsubishi Heavy Industries, Kioxia Holdings, JX Advanced Metals, Disco, Resona Holdings, Lasertec, Ajinomoto, Tokyo Electron, Suzuki and Rohm fell.
The article mainly highlights specific stocks and their price movements, focusing on conveying the tone of trading.
Facts:
Nikkei 225
¥60,525.30 (+65.72)
TOPIX
3,898.91 (+5.20)
US market movements
Dow -157.86, Nasdaq -187.26
Foreign exchange
The yen weakened and the dollar strengthened, moving toward the upper ¥158 range per dollar
Rising stocks
Shiseido, Toray, ARCHION, Sanrio and others
Falling stocks
SoftBank Group, Sumitomo Metal Mining, Fujikura and others