The Nikkei Stock Average rebounded in Tokyo on the morning of the 9th, at one point rising as much as ¥524.70. It subsequently pared its gains under pressure from selling into the rebound.
The Nikkei Stock Average ended the morning session in Tokyo on the 9th at ¥65,495.23, up ¥225.90 from the previous day. Selling prevailed at the open, but the index moved into positive territory as semiconductor-related stocks recovered. In addition to SoftBank Group, which has a large impact on the index, extending its gains, a rise in South Korea's KOSPI also supported the market. The Nikkei rose as much as ¥524.70 to ¥65,794.03 at 10:26 a.m.
The index subsequently pared its gains under pressure from selling into the rebound and ended the morning session higher. The Tokyo Stock Price Index (TOPIX) rebounded, rising 13.28 points to 4,063.61. The yen traded at around ¥153.60 per dollar.
Trading value on the TSE Prime Market was ¥4.4827 trillion, with trading volume of 1.01084 billion shares. There were 642 advancers and 867 decliners, meaning decliners outnumbered advancers despite the rise in the indexes. By sector, 15 of the 33 sectors rose and 18 fell.
Resource-related stocks performed well, with Mitsui Mining & Smelting, Sumitomo Electric Industries, Idemitsu Kosan and ENEOS Holdings among the advancers. Mining, machinery, glass and ceramics, electric power and gas, chemicals, and wholesale stocks also saw predominantly buying. In contrast, Asics and Nintendo in the Other Products sector, as well as Daiwa Securities Group and Nomura Holdings in the Securities and Commodities Futures sector, fell.