The Nikkei 225 rose for a fifth consecutive day. Semiconductor and bank stocks led buying in the morning session, with large-cap stocks driving the market higher.
The Nikkei 225 rose 1.23% from the previous day, marking its fifth consecutive advance, while the TOPIX remained firm, up 1.19%. Comments from market participants during the morning session indicated that buying of semiconductor and financial (bank) stocks was dominant, with buying interest shifting toward large-cap stocks.
Investment funds flowed into major sectors, and whether index-linked inflows will continue is now a key focus. Overall, some market participants expect the large-cap-led upswing to continue.
The focus in stock selection is on the performance of large-cap stocks and buying pressure in the semiconductor and financial sectors, which could determine the direction of the broader market.