The Nikkei average traded around ¥60,000 in the Tokyo stock market, as profit-taking and buying on dips offset each other. The afternoon session opened higher than the previous day, and although buying spread, the market continued to show limited upside.
The Nikkei average traded around ¥60,000, with profit-taking after the sharp morning advance capping the upside, while buying on dips supported the downside when the index fell below ¥60,000.
The afternoon session opened at ¥59,372.28, up ¥596.78 from the previous day, and the Nikkei average continued to widen its gains toward the close. The market was supported by buying in AI- and semiconductor-related stocks, as the trend from U.S. markets carried over and crude oil prices and U.S. index futures also had an impact.
Trading volume was 1.30387 billion shares, and trading value was ¥4.2293 trillion. By sector, nonferrous metals, banks and electrical equipment rose, while other financing, foods and land transportation declined. TOPIX stood at 3902.85, up 84.69 points.