In the morning session, Konami Group rebounded on reports of an upgrade by CLSA, while Nihon Falcom extended its gains after its new release took the top spot in Japan's Steam sales ranking. FuRyu retreated following its monthly sales announcement.
Tokyo stocks extended their gains for a fourth straight day in the morning session on 24 September, with the Nikkei average trading around ¥864 higher than the previous day's close. Buying in AI- and semiconductor-related stocks in the US market provided support, while investors continued to assess developments in interest rates and US-China relations.
Among game and entertainment stocks, Konami Group shares rose amid reports that CLSA Securities had upgraded its rating on the company from Outperform to HC Outperform and raised its price target. Other stocks, including Sony Group and Capcom, also traded higher.
Nihon Falcom extended its gains for a third straight day after the top ranking achieved by its new title "The Legend of Heroes: Trails in the Sky the 2nd" in Japan's Steam sales ranking was viewed positively. FuRyu, meanwhile, retreated following changes in its sales mix reported in the previous month's monthly sales announcement.