The Nikkei Average extended its winning streak to 4 sessions, closing at ¥65,513.99. Funds flowed into AI- and semiconductor-related stocks, while investors remained focused on developments in US long-term interest rates.
The Nikkei Average rose further from the previous day, closing at ¥65,513.99, up ¥495.04, or 0.76%, on the day. It briefly recovered the ¥66,000 level intraday, but gains stalled after buying ran its course.
The Tokyo market was influenced by developments in US markets, with sentiment strong in AI- and semiconductor-related stocks. Many stocks rose across sectors, while TOPIX closed in negative territory.
Among individual stocks, Ibiden, Advantest, Tokyo Electron and Lasertec attracted buying, while gains in Socionext and Ushio Electric were also notable. Taiyo Yuden and Recruit Holdings, by contrast, were relatively weak.
Following the day’s market moves, the 10-year Treasury yield rose to around 3.075%, while lingering concerns remained over the outcome of a US-China summit and the direction of interest rates going forward. Developments in the US and China and the response of Asian markets are key points to watch.