Around the middle of the afternoon session on the 13th, the Nikkei 225 remained range-bound at elevated levels in the Tokyo market. Ibiden at times turned lower, in contrast with stocks posting notable gains.
The Nikkei 225 remained at elevated levels in the afternoon, continuing to trade around ¥500 above the previous day's close. Buying in Nikkei 225 futures provided support, while the KOSPI, which has a high weighting in semiconductor stocks, showed no momentum to extend its gains.
Market participants said buying interest was broadening toward undervalued stocks with strong earnings and sound finances, against a backdrop of growing uncertainty over the outlook for AI and semiconductor stocks. As of 14:00, trading value on the TSE Prime Market was approximately ¥5.7591 trillion, and trading volume was approximately 1.6 billion shares.
While high-priced stocks such as Advantest, Fast Retailing and Tokyo Electron were bought, Ibiden, which opened higher, turned lower and traded weakly. SoftBank Group and Kioxia traded at lower levels.