The Nikkei Average was approximately ¥430 higher than the previous day on the morning of the 9th, trading around ¥65,700. It rose as high as ¥65,728.53 during the 9 a.m. hour, supported by movements in semiconductor stocks and the KOSPI's firm tone.
The Nikkei Stock Average was trading around ¥430 above the previous day's level in the market on the morning of the 9th, with buying leading the market after the opening. In the US market, crude oil futures rose while major New York market indices fell, and semiconductor stocks supported the Tokyo market by moving higher.
Near the session highs during this period, the Nikkei Average moved into the ¥65,700 range, reaching ¥65,728.53, up ¥659.20, as of 9:55 a.m. The yen-denominated settlement price of Chicago Nikkei futures was ¥65 below the Osaka Exchange settlement price. The KOSPI also remained steady.
By sector, 19 of the 33 sectors rose and 14 fell. Nonferrous metals, oil and coal products, mining, machinery, glass and ceramics, electric power and gas, construction, and chemicals remained firm, while marine transportation and insurance stocks traded lower.
In the foreign exchange market, as of 10 a.m., the dollar-yen pair was trading around the mid-¥153 range and the euro-yen pair around the mid-¥178 range. The market as a whole was reported to continue receiving upward support mainly from movements in semiconductor-related stocks.