The Nikkei Average extended its gains, with Tokyo Electron alone pushing the index up by approximately ¥76. The morning session's market movements are reported mainly in terms of the stocks with the largest contributions and the numbers of advancers and decliners.
The Nikkei Average traded modestly higher during the morning session as investors monitored developments in the U.S. markets. Although declines in the Dow and Nasdaq, along with higher crude oil prices and rising long-term interest rates, weighed on the market at times, the Nikkei Average moved within a range around ¥67,000. The Nikkei Average began morning trading at ¥66,994.05, up ¥23.83, and faced resistance at higher levels after the opening.
Tokyo Electron was the leading positive contributor, pushing the Nikkei Average up by approximately ¥76. Kioxia Holdings, Recruit Holdings, Advantest, Ibiden, FANUC and TDK also supported the gains, while mining stocks attracted buying.
Meanwhile, Fast Retailing was the top negative contributor, pushing the Nikkei Average down by approximately ¥87. Toyota Tsusho, SoftBank Group, Kyocera, Otsuka Holdings, Lasertec and Nitori Holdings also contributed to the declines. By sector, mining, banking and services advanced, while textiles, pharmaceuticals and rubber products declined.
As of 11:30, the Nikkei Average stood at ¥67,040.18, with 108 advancers, 116 decliners and 1 unchanged stock. Tokyo Electron, Kioxia Holdings, Recruit Holdings, Advantest, Ibiden, FANUC and TDK were among the leading advancers.