The Nikkei extended its gains in the Tokyo stock market on the morning of the 6th. Advantest renewed its record high for the second straight day amid the rally in U.S. technology stocks, while the weaker yen and stronger dollar also provided support.
The Nikkei Stock Average stood at ¥70,081.53 in the Tokyo stock market on the morning of the 6th, up ¥134.67 from the previous day. At one point, the gain exceeded ¥400. Against a backdrop of strength in technology stocks such as Nvidia in the U.S. market, Advantest at one point renewed its all-time high for the second straight day. The weaker yen and stronger dollar also supported buying in export-related stocks.
Buying of technology stocks was the focus in the U.S. stock market, and the Nasdaq Composite renewed its highest level in two weeks. In response, related stocks such as TDK, Murata Manufacturing and Fujikura attracted buying in the Tokyo market, and Advantest's market capitalization at one point exceeded ¥30 trillion.
In the foreign exchange market on the morning of the 6th, the yen weakened against the dollar, with the dollar trading in the upper ¥157 range. Although reports concerning the review of GPIF's basic portfolio, among other factors, prompted speculation about investment in yen assets, early progress was not expected, and momentum for yen selling and dollar buying strengthened.
The Tokyo Stock Price Index (TOPIX) extended its gains, closing the morning session at 4,163.61 points (+18.39). Trading value on the TSE Prime Market was approximately ¥3.3927 trillion, trading volume was 897.19 million shares, 1,068 issues rose, 409 fell and 74 were unchanged.