In morning trading on 6 October, the Nikkei 225 extended its gains modestly, closing at ¥70,081.53. Broad-based buying emerged against a backdrop of higher US technology stocks, lifting TOPIX to 4,163.61.
In Tokyo trading on 6 October, the Nikkei 225 extended its gains modestly, with the morning close ¥134.67 higher than the previous day at ¥70,081.53. It opened slightly higher, and buying subsequently spread against a backdrop of higher US stocks.
TOPIX ended the morning session at 4,163.61, up 18.39 points. Although profit-taking emerged following the previous day's sharp rebound, buying supported the market overall.
In the US market, major indices rose, led by technology stocks, while lower US crude oil futures prices supported investor sentiment. Some profit-taking was also observed in artificial intelligence-related and semiconductor-related stocks.
Although the market was prone to selling in the morning of 6 October following the previous day's sharp gains, buying driven by higher US stocks absorbed the selling. In afternoon trading, the focus may be on whether the market can hold above ¥70,000.