The Nikkei 225 rebounded in the morning session on the 14th following the previous day’s decline. Buying back semiconductor-related shares supported the market, while TOPIX traded in negative territory.
The Nikkei 225 widened its gains to more than ¥300 from the previous day, remaining firm. Buying of semiconductor-related shares is leading the market.
In the previous day’s US market, semiconductor stocks fell amid concerns about intensifying competition with Chinese companies. However, no new negative catalysts have emerged, and the impact on the Tokyo market is expected to be limited.
At the open, the Nikkei 225 rebounded, starting at ¥67,942.23, up ¥164.71 from the previous day, with buying of semiconductor-related shares leading the market.
There was also a divergence in the performance of Prime Market issues, and TOPIX is trading in negative territory. The article reports this development.