The Nikkei 225 extended its gains in Tokyo trading on the 13th, closing sharply higher at ¥68,308.59. Buying continued on the back of US stock trends, with trading volume on the TSE Prime Market exceeding 2.4 billion shares and trading value reaching approximately ¥10 trillion.
US stocks were mixed the previous day, but the CPI rose only modestly, easing concerns about further interest-rate hikes. The Nasdaq remained firm throughout the day on favorable reactions to technology earnings, while the Dow declined toward the close amid concerns over crude oil prices. Against this backdrop, the Nikkei 225 held onto its gains after opening on the 13th, and buying broadened.
After the opening, buying was particularly strong in high-priced semiconductor stocks, with purchases spreading across electronic components and semiconductor-related stocks. The Nikkei 225 traded above ¥68,500. Buying then ran its course amid caution over high valuations and weekend factors, leaving the upside limited.
The Nikkei 225 closed at ¥68,308.59, up ¥784.53 from the previous trading day. Trading volume on the TSE Prime Market was 2.4035 billion shares, with trading value of ¥10.0206 trillion. By sector, banks, glass and ceramics products, and electric appliances rose, while rubber products, iron and steel, and other products declined.
Among individual stocks, gainers included Advantest, Tokyo Electron, Ibiden, Kioxia Holdings, TDK, Murata Manufacturing, SoftBank Group, Taiyo Yuden, Kyocera, Lasertec, Disco, TOPPAN, Sumitomo Electric and Ajinomoto. Decliners included Fast Retailing, FANUC, Konami Group, Bandai Namco Holdings, Sony Group, Chugai Pharmaceutical, Tokio Marine, Nitto Denko, KDDI, Trend Micro, Astellas Pharma, Daikin, Fujikura, Bridgestone, Toyota Tsusho and Kao.
It was reported that 64.9% of stocks on the TSE Prime Market rose and 32.0% fell. The Nikkei 225's gain was said to have been supported by broad-based buying appetite and continued interest in stocks reporting earnings.