In the Tokyo stock market, the Nikkei average was bought in the afternoon session but faced resistance at higher levels, ending at ¥60,208.81, up ¥1,433.31 from the previous day. Some AI- and semiconductor-related stocks were bought, supporting the broader market.
The Nikkei average began the afternoon session with a narrower gain than at the morning close. Although broad-based buying was supported by softer oil prices and moves in US futures, resistance at higher levels persisted.
In morning trading, the Nikkei average closed at ¥60,475.78, up ¥1,700.28 from the previous day, as buying in AI- and semiconductor-related stocks led gains and pushed up the market. The TOPIX rose 84.69 points to 3,902.85, with trading volume of approximately 1.3 billion shares and trading value of approximately ¥4.2293 trillion.
At the open, the Nikkei average started at ¥59,372.28, up ¥596.78 from the previous day. Buying spread across related stocks, following the trend in the US market, and the index regained the ¥60,000 level.
In the foreign exchange market, the dollar traded in the low ¥158 range, while higher stock prices and real-money buying supported the market.