The Nikkei 225 rose for a fourth straight session, closing up 0.76% from the previous day at ¥65,513.99. The index was supported by gains in U.S. semiconductor stocks, although it also struggled to advance after buying subsided amid concerns about higher interest rates.
The Nikkei 225 rose for a fourth straight session on the Tokyo Stock Exchange, closing up 0.76% from the previous day at ¥65,513.99. The gain of about ¥495 at the close indicated that trading had remained steady throughout the day.
Buying spread across the market against a backdrop of gains in semiconductor stocks in the U.S. market. U.S.-based funds and strength across sectors were seen as supporting the market. However, some observers said the Nikkei's gains were limited as concerns about higher interest rates spread.
The day's movements reflected persistent concerns about the domestic economic and interest-rate outlook, despite investors watching overseas markets. Attention is expected to remain focused on developments in the U.S. market and financial conditions.