Tokyo stocks were firm in the morning session, with the Nikkei Average rising by more than ¥900 at one point. Buying led the market after the open, centered on semiconductor-related stocks, with major names driving the market.
Tokyo stocks remained firm in the morning session, with the Nikkei Average rising by more than ¥900 at one point. At the open, the Nikkei Average started ¥470.61 higher at ¥63,738.98, with buying led by semiconductor-related stocks.
The 3 stocks cited as driving the Nikkei Average’s gain were Advantest, Tokyo Electron and SoftBank Group, which together lifted the index by approximately ¥450. By contrast, the TOPIX gained less than the Nikkei Average, and buying had not spread across the market as a whole.
Market participants said investors appeared keen to assess companies’ results ahead of the full-scale release of interim earnings, and are expected to continue closely watching earnings announcements for signs of future market direction.