The Nikkei average extended its winning streak to 3 days, with buying dominating, particularly in AI and semiconductor-related stocks. It closed at ¥68,308.59, up ¥784.53 from the previous day.
In Tokyo trading on the 13th, the risk-on market tone continued, led by AI and semiconductor-related stocks. A slowdown in the US Consumer Price Index (CPI) indicated easing inflationary pressures, boosting confidence in buying US stocks and extending gains to Japanese equities. Buying dominated from the morning session, and the Nikkei average recovered to the ¥68,000 range.
The Nikkei average ended the session up ¥784.53 at ¥68,308.59, while the TOPIX closed up 37.04 points at 4,176.04. Trading volume was approximately 2.435 billion shares. The Prime market had approximately 1,010 advancers and 498 decliners. Overall, resistance to further gains became apparent after the initial buying subsided.
Among individual stocks, Advantest, Tokyo Electron, Ibiden, Murata Manufacturing and TDK contributed to the Nikkei average's advance. The top 5 contributors accounted for approximately ¥656 of the Nikkei's gain, of which approximately ¥335 came from Advantest.
Meanwhile, FANUC traded weakly, while Konami Group, Bandai Namco Holdings, Sony Group, Nintendo and Toyota Motor declined. The market saw some adjustment in the size of the gains and profit-taking, and the advance did not extend across the entire market.