While the Nikkei Average rose, TOPIX posted only a modest gain, widening the gap between the two indices. Some market participants said buying appeared to be concentrated in major and theme stocks.
The Nikkei Average rose sharply by +1.33%, while TOPIX gained just +0.12%. The gap between the two indices was confirmed to have widened.
The widening gap is viewed as potentially indicating that buying is concentrated in some major and theme stocks. Attention will now focus on whether gains spread to a broader range of stocks.