The Nikkei 225 extended its gains on 12 August, closing up ¥553.84 at ¥67,524.06. TOPIX set new all-time highs in both intraday trading and at the close, while the gap above its 25-day moving average widened.
The Nikkei 225 extended its gains on 12 August, ending trading up ¥553.84 at ¥67,524.06. The candlestick was bullish, and the index closed near its high.
Buying strength appeared to increase across the broader market, with TOPIX setting new all-time highs both intraday and at the close.
The gap above the 25-day moving average widened, indicating strengthening upward momentum.
Meanwhile, the stock price used as the calculation starting point continued to trend lower, although the downward angle was narrowing. Attention is focused on whether the market will enter an advancing phase following an upside turn during the week.