On 28 August, the Yomiuri 333 Index closed at ¥53,701.34 on the Tokyo stock market, up ¥251.44 from the previous day and marking its 7th consecutive business-day gain. The Nikkei Average also closed approximately ¥26 higher, with buying leading as investors gauged developments in the United States.
The Yomiuri 333 Index closed at ¥53,701.34, up ¥251.44 from the previous day and marking its 7th consecutive gain. By constituent, 218 issues rose, indicating that the market’s overall upward phase is continuing. The Nikkei Average closed at ¥66,405.56, up ¥273.58.
Buying prompted by the previous day’s gains in U.S. stocks was the main feature of the Tokyo market, although investors were also strongly inclined to wait and see ahead of the Jackson Hole meeting, keeping price movements relatively limited. Among Yomiuri 333 Index constituents, information and communications company Trend Micro posted the largest gain at 5.94%, followed by Recruit Holdings at 4.89% and Obic at 4.63%. The most notable declines were in Kioxia Holdings, down 8.76%, Furukawa Electric, down 4.55%, and Sumitomo Electric Industries, down 3.33%.
The TOPIX traded higher, closing at 4,146.71, up 29.49 points. Although some semiconductor-related stocks attracted buying, there was also a view that market momentum could change depending on the outcome of upcoming important events.