The Nikkei Average rebounded for the first time in 2 weeks this week, closing at ¥65,606 after rising for a second straight day. As earnings announcements moved into full swing, investor interest in individual stocks intensified.
The Nikkei Average rose 1.9% from the previous Friday in the Tokyo stock market this week, concluding at ¥65,606 and recording its first gain in 2 weeks. As earnings announcements moved into full swing, buying of individual stocks, particularly AI and semiconductor-related names, intensified. TOPIX also rose for the first time in 2 weeks, while the TSE Growth Index rebounded for the first time in 5 weeks.
Looking at the market's daily movements, stocks fell on Monday the 3rd amid concerns about a stronger yen, but rebounded on Tuesday the 4th. On Wednesday the 5th, they rose sharply on lower oil prices and gains in U.S. stocks. Stocks fell again on Thursday the 6th but remained firm on dip-buying, while on Friday the 7th they posted a modest decline, even as reactions to earnings releases remained active. Individual stocks diverged depending on the content of their earnings.
By sector, nonferrous metal and materials stocks, steel, chemicals, machinery and electrical equipment, and other export-related stocks attracted buying. Domestic-demand sectors such as information and communications, services and food also remained firm. Financial stocks were mixed, while land transportation stocks also declined.
Next week will mark the final phase of earnings season, and the divergence between winners and losers is expected to continue. Domestic SQ, along with U.S. indicators including CPI, PPI and retail sales, will be key market focuses, while interest will also center on the reassessment of stocks outside the AI and semiconductor sectors.