Tokyo stocks rebounded during the morning session on 9 November, with the Nikkei 225 surging. Major game-related stocks led broad gains, while Sanrio continued to decline after its full-year outlook came in below market consensus.
Tokyo stocks rebounded during the morning session on 9 November, with the Nikkei 225 trading approximately ¥1,980 above the previous trading day’s level. A wide range of stocks, led by AI- and semiconductor-related issues, attracted buying, and the market at times reached the upper end of its range.
Among game and entertainment-related stocks, major issues including Nintendo, Toho and Takara Tomy were bought, with buying dominant overall. Reports indicated that major game-related stocks were broadly bought.
Sanrio continued to decline despite reporting higher revenue and profit for the previous fiscal year, as its full-year outlook was said to have fallen below market consensus. Some other game-related stocks were reported to have received target-price increases or downgrades.
Sector performance also varied widely among mobile game and debugging/middleware stocks. While some stocks traded at high levels, others declined.