Tokyo stocks rebounded sharply at the morning close, with buying back in semiconductor stocks and other issues. However, the pace of gains slowed in the latter half, narrowing the advance by the close of trading.
Tokyo stocks rose sharply in the morning session. Major indices, including the Nikkei, received support from buying, and investors' appetite for stocks temporarily increased. Among individual stocks, buying back was seen in semiconductor-related issues, with memory-related and fab-related stocks at times pushing up the market.
However, selling pressure resurfaced in the latter half, and the momentum from buying back gradually slowed. The indices' gains narrowed, and the market was unable to sustain the morning's momentum.
Across the market, the influence of semiconductor stocks grew stronger, but broad-based momentum across sectors did not persist, resulting in diverging sector performance. Investors are focused on assessing individual stock movements and supply-demand conditions in the afternoon session and beyond.
As of the morning close, the stock market generally remained in an upswing, although some market participants also expect limits to the expansion of gains. Attention will focus on major stocks, including semiconductor-related issues, and the release of economic indicators in Japan and overseas.