The JPX-Nikkei Index 400 rebounded on the 5th, closing at 37,157.55, up 465.37 points from the previous weekend. Buying in semiconductor-related stocks pushed up the market amid expectations for gains in US markets.
The JPX-Nikkei Index 400 ended higher on the 5th, closing at 37,157.55, up 465.37 points from the previous weekend.
Japanese stocks opened higher, following gains across all three major US stock indexes in the previous week's trading amid diminishing expectations that the US Federal Reserve would raise interest rates again soon. Buying spread mainly across semiconductor-related stocks, pushing up the index.
By stock, Advantest, SoftBank Group and Lasertec were among those bought, while Fujikura and Furukawa Electric were sold, and Nintendo also declined. Nikkei QUICK News reported.
As for market trends, the risk appetite among investors prompted by higher US stocks spread to Japanese equities, with buying extending beyond defensive stocks. Future market trends may change depending on movements in overseas markets and corporate earnings.