The Nikkei Stock Average extended its gains on the 26th. Selling emerged early, mainly in semiconductor stocks, but buying to cover positions spread against a backdrop of falling oil prices and lower long-term US interest rates.
Selling spread early, particularly in semiconductor stocks, but there were periods when caution over the performance of related stocks intensified.
Buying to cover positions subsequently spread on falling oil prices and lower long-term US interest rates, and the Nikkei Stock Average maintained its gains.