The Nikkei average rebounded by ¥70 in the morning session, with gains in wire and shipping stocks standing out. Futures updated their intraday high during the lunch break, and the key market developments were reported amid light trading.
Looking back at the morning session, the Nikkei average rebounded and closed the session ¥70 higher. Wire and shipping stocks, 日本空港ビル and JR East were among the notable movers. Although the market weakened in the morning, it recovered and was reported to be firm heading into the midday close. Stock movements during the early-morning period are the focus for the outlook for the afternoon session.
Nikkei 225 futures reached a new intraday high at one point during the lunch break. While morning trading was relatively calm, this influenced the market outlook for the afternoon session. Market attention was focused mainly on the performance of sectors and individual stocks showing an upward trend.