The Nikkei Average extended its gains in the Tokyo stock market on the 29th, closing at ¥64,659.47, up ¥705.28 from the previous day. Buying of semiconductor-related stocks led the market, and the TOPIX also rose.
The Nikkei Stock Average (225) extended its gains in the Tokyo stock market on the 29th. Higher US equities on the previous day also provided support, and buying was strong, particularly in semiconductor-related stocks. The closing level was ¥64,659.47, up ¥705.28, rather than an increase of nearly ¥706.
The TOPIX also moved at a relatively high level at 4,003.28 points in line with the Nikkei's rise that day. Trading volume was approximately 4.14801 billion shares.
The strength of semiconductor-related stocks and developments in the US market were cited as factors supporting the broader market. Higher US equities reportedly increased investors' appetite for buying, with purchases spreading particularly among institutional investors.