The Nikkei extended its gains at the Tokyo market open, while Sumitomo Electric Industries is set to collaborate with Meta and others to build optical submarine cables. Kioxia Holdings was quoted on buy-side indications, while semiconductor stocks rose on gains in U.S. tech stocks and the Nasdaq's record high, with expectations also building for expanded sales in India.
Buying led the Tokyo stock market at the open, with the Nikkei starting slightly higher.
Sumitomo Electric Industries was reported to be collaborating with Meta and others to build optical submarine cables, attracting market attention as a potential catalyst for a sharp rise in the stock.
Kioxia Holdings was quoted on buy-side indications, drawing investors' attention.
Semiconductor-related stocks rose amid reports of gains in U.S. tech stocks and a record high for the Nasdaq. Expectations are also building for expanded sales in the Indian market.