The Nikkei average rebounded to close at ¥61,142.35, up ¥322.99 from the previous day. Short-covering progressed mainly in AI- and semiconductor-related stocks, but gains were limited in the afternoon amid a wait-and-see stance ahead of the weekend.
In Tokyo trading, the Nikkei average rebounded to close ¥322.99 higher than the previous day at ¥61,142.35. TOPIX traded slightly higher, while trading volume on the TSE Prime market was approximately 2.5 billion shares. The top contributing stocks were said to have accounted for approximately ¥478 of the Nikkei’s gain.
Caution spread in the previous day’s US market following the announcement of the resignation of the CEO of semiconductor giant NVIDIA. In Japan, however, short-covering in AI- and semiconductor-related stocks dominated, and the Nikkei briefly rose into the ¥61,900 range. The upside was heavy in the afternoon, limiting the overall gain.
Among individual stocks, Advantest, Tokyo Electron and Disco were highly valued, while Fast Retailing, Nintendo and SMC performed firmly. In contrast, defense-related heavy-industry stocks such as Mitsubishi Heavy Industries, Kawasaki Heavy Industries and IHI declined. By sector, domestic-demand stocks and game-related stocks were firm, while nonferrous metals and machinery declined.
The leading positive contributors to the Nikkei’s close included Fast Retailing, Advantest, Recruit, Tokyo Electron and BayCurrent. The lower contributors included SBG, Ibiden and Kioxia. On the TSE Prime market, 877 stocks rose and 619 fell, while the TSE Growth 250 edged lower.