The Nikkei Average extended its gains in the Tokyo market on the afternoon of the 6th, with TDK and Mitsubishi UFJ among the notable movers. Buying in bank stocks prevailed toward the afternoon session. 82 characters
In the Tokyo stock market around the middle of the afternoon session on the 6th, the Nikkei Stock Average was up about ¥600 from the previous day, rising to around the mid-¥70,500s. According to Nikkei QUICK News, buying spread across the market.
TDK, which was reported to be caught in an acquisition battle between Toshiba and U.S.-based Seagate Technology over the hard-disk head business, rose sharply in the afternoon. Advantest also extended its gains in the afternoon.
Bank stocks were firm, with buying in Mitsubishi UFJ Financial Group and other names. Market sentiment was supported by reports that the Bank of Japan was considering expressing the view that the underlying inflation rate had reached 2%.
As of 2 p.m., trading value on the TSE Prime Market was approximately ¥4.7498 trillion, while trading volume was approximately 1.29059 billion shares. This confirmed that the market was in a period of heavy trading activity.
Among individual stocks, Fast Retailing and Fujikura extended their gains, while SoftBank Group widened its decline. Kioxia and Konami Group were reported lower.