The Nikkei 225 rebounded against a backdrop of gains in US technology stocks. In the morning session, gains widened after the open, and the index held near its highs toward the end of the session. The closing level was ¥66,682.88, up ¥550.90 from the previous day.
The Dow and Nasdaq rebounded in the US market the previous day, and the rise in US equities continued on gains in semiconductor-related stocks and strength in employment-related indicators. Against this backdrop, the Nikkei 225 fell to ¥66,104.49 in the morning, but buying then spread on the strength of US technology stocks, widening the index's gains. The index traded near its highs in the morning session and recovered to the ¥66,600 range toward the morning close.
Among individual stocks, アドバンテム, Tokyo Electron, Recruit Holdings, SoftBank Group, and FANUC rose. Kioxia Holdings, Fujikura, Sumitomo Electric Industries, ORIX, and Furukawa Electric, among others, declined. By sector, Other Products, Services, and Electric Appliances rose, while Rubber Products, Construction, and Electric Power and Gas declined. The afternoon session was expected to see range-bound trading near the highs, with the 75-day moving average in the ¥66,400 range likely to be viewed as resistance.