The Nikkei Average was up ¥1,118 as of 13:50, with sharp gains in South Korean stocks cited as a factor supporting share prices in the Tokyo market. Semiconductor-related stocks and others were among the main contributors to the Nikkei Average’s rise.
The Nikkei Average was up ¥1,118 and was trading at that level as of 13:50. Advantest, Tokyo Electron and IBIDEN were among the top contributors, while the Shanghai Composite was up 0.42% and negative contributors were prominent. The Nikkei Average, meanwhile, was holding near its high.
The sharp extension of gains in the KOSPI, South Korea’s leading stock index, appears to be supporting share prices in the Tokyo market.
The Nikkei Average had gained more than ¥1,900 through yesterday after extending its advance, and some investors are cautious about chasing further gains.
By sector, electrical appliances, banks and machinery were among the top gainers, while rubber products, iron and steel, insurance, and transportation equipment were among the top decliners.