Around the middle of the morning session on the 13th, the Nikkei traded near its high. Buying by overseas short-term traders continued against a backdrop of yen depreciation and a rise in the KOSPI, with the index up approximately ¥800 from the previous day. Trading value was just over ¥2 trillion, and movements in major issues led the market.
Around the middle of the morning session on the 13th, the Nikkei Stock Average moved within a narrow range near its high in the Tokyo stock market, trading approximately ¥800 above the previous day. Continued yen depreciation in the foreign exchange market and a rise in South Korea's KOSPI, which has a high weighting of semiconductor stocks, provided tailwinds, and overseas short-term traders continued buying Nikkei futures.
On the other hand, profit-taking sales were likely to emerge as the index approached the ¥62,000 milestone, and there was also speculation that profit-taking could follow this week's one-sided stock-market gains. Market participants reported that domestic institutional investors were strongly inclined to wait and see, resulting in light trading orders.
As of 10 a.m., estimated trading value on the TSE Prime Market was ¥2.2976 trillion, and trading volume was 653.23 million shares. While Fast Retailing, a high-priced stock, extended its gains, AI- and semiconductor-related stocks including Advantest, Tokyo Electron and Ibiden were higher. Terumo, Mercari and Toyota were lower.
Following the day's movements, buying of Nikkei futures continued, and the index was expected to remain near its high.