The Nikkei Average rebounded for the first time in three sessions, closing at ¥65856.43, up ¥328.34, or 0.50%, from the previous day. After falling in the morning, the index recovered, while firm Asian stocks supported market sentiment.
The Nikkei Stock Average closed at ¥65856.43 in Tokyo trading on 25 August, up ¥328.34, or 0.50%, from the previous day. Trading volume was approximately 1.90118 billion shares, while trading value was approximately ¥7.0099 trillion. The Nikkei widened its decline in the morning but subsequently rebounded and held in positive territory.
The top five positive contributors were SBG, IBIDEN, Fujikura, Tokyo Electron and KDDI, which contributed approximately ¥264 in total. Meanwhile, despite limited positive contributions, the five largest negative contributors were Fast Retailing, Advantest, Honda, Shin-Etsu Chemical and Toyota, which were estimated to have weighed on the index by approximately ¥62 in total.
There were 846 advancing issues and 647 declining issues on the Tokyo Stock Exchange Prime Market, with advancers outnumbering decliners across the market as a whole. The five sectors with the largest gains were nonferrous metals, insurance, securities and commodities, banking, and information and telecommunications. The sectors with the largest declines were transportation equipment, marine transportation, rubber products, textiles, and warehousing and harbor transportation services.
In the US market, the Dow extended its gains, while lower long-term interest rates and weaker crude oil prices supported consumer-related stocks. The SOX Index of semiconductor-related stocks fell sharply from the previous day, but buying returned in the afternoon session. Caution toward semiconductor-related stocks remained, but buying was dominant against the backdrop of the market ahead of Nvidia's earnings announcement.