The Nikkei Average rebounded in morning Tokyo trading on the 13th on buying in semiconductor-related stocks, closing the morning at ¥61,816.72, up ¥997.36 from the previous day. TOPIX also rose, with buying continuing from the morning open.
The Nikkei Stock Average rebounded in morning Tokyo trading on the 13th, closing the morning at ¥61,816.72, up ¥997.36 from the previous day. Buying focused on semiconductor-related stocks from the previous day, and the gain temporarily exceeded ¥1,000. TOPIX ended the morning session up 30.21 points at 3,967.54.
The index opened at ¥61,223.41, up ¥404.05 from the previous day, and after rebounding, was temporarily up more than ¥900 as of 10:15 a.m. Stocks outside the semiconductor-related sector also performed firmly, with Advantest lifting the Nikkei Average by approximately ¥300.
About 60% of Prime Market stocks rose, while approximately 28% fell. Trading volume was approximately 1.07814 billion shares, and trading value was approximately ¥3.8653 trillion. By sector, services and retail rose, while precision instruments and air transportation declined. In the afternoon, selling by investors waiting for a rebound in semiconductor-related stocks weighed on the market, narrowing the gain from the morning close.
Even after the morning session ended on a strong note, profit-taking emerged in the afternoon and the upward momentum weakened at times. Toyota Motor turned positive in the afternoon, and buying to cover short positions, particularly in semiconductor stocks, continued to have an effect, but uncertainty remained over the market's staying power. Following the decline the previous week, US market conditions and the ongoing yen depreciation also affected market trends.