The Nikkei Average remained firm after opening higher, rising to around ¥66,100 toward the end of the morning session. The morning-session high was ¥66,249.11, recovering to a level not seen in just over two weeks.
The Nikkei Average was up about ¥1,080 from the previous day during the morning session, trading around ¥66,100. It reached ¥66,249.11 at 9:32 a.m., recovering above ¥66,000 during trading hours for the first time in about two weeks.
Buying led the market in Japan following gains in technology stocks, including semiconductor stocks, in the U.S. market. Advantest, Tokyo Electron and SoftBank Group were among the stocks attracting buying interest. By sector, 16 of the 33 sectors rose, while 17 declined.
The gainers included non-ferrous metal stocks such as Sumitomo Electric Industries and Fujikura; electrical equipment stocks such as Kioxia and Murata Manufacturing; information and communication stocks such as Konami Group and Capcom; and metal products stocks such as SUMCO and Sanwa Holdings. Amid continued firmness, precision instrument stocks such as Terumo and HOYA and machinery stocks such as DISCO and Komatsu also held firm, while service-sector and electric power and gas stocks including OLC, Recruit Holdings, TEPCO Holdings and Kansai Electric Power declined.
In the Tokyo foreign exchange market, the dollar traded in the upper ¥157 range against the yen and the euro in the upper ¥179 range against the yen, with currency movements also drawing attention.
Provided by Wealth Advisor Co., Ltd.