On the morning of the 27th, Japanese stocks extended their gains against a backdrop of higher U.S. stocks, with the Nikkei 225 trading near its highs at around ¥63,5xx, up approximately ¥1,390. Buying was concentrated initially in AI-related and semiconductor stocks in response to developments in the U.S. market.
The Nikkei 225 was trading around ¥63,5xx on the morning of the 27th, up approximately ¥1,390 from the previous day, and at 10:03 its gain had exceeded ¥60. The yen-denominated settlement price for Nikkei 225 futures in Chicago was also trading at a high level.
In the previous day's U.S. stock market, the Dow, Nasdaq Composite and SOX all rose on expectations for IPOs by AI developers. Against this backdrop, buying was concentrated initially in AI- and semiconductor-related stocks in Tokyo, keeping the market near its highs.
By sector, 15 of the 33 sectors rose and 18 fell. Mitsui Kinzoku and Sumitomo Electric in nonferrous metals, Advantest and Tokyo Electron in electrical equipment, Nitto Boseki and NGK in glass and ceramics, and Nikon and HOYA in precision instruments were bought, while real estate and land transportation stocks attracted selling.
In the Tokyo foreign exchange market, the dollar-yen pair was trading in the middle of the ¥157 range, while the euro-yen pair was in the first half of the ¥176 range.
Multiple stocks' price movements and sector trends were also reported in a manner consistent with this market move.