The Nikkei started the afternoon session at ¥61,576.67, up ¥757.31. Investors also appeared keen to assess the US PPI release during the lunch break, while Amada and BayCurrent were bought.
The Nikkei started the afternoon session at ¥61,576.67, up ¥757.31 from the previous day, with the gain narrowing from the morning close. Nikkei 225 futures traded in a range, while the dollar-yen rate was around ¥159.90–¥160.00 per dollar. Although some investors held back from aggressive buying ahead of the US PPI release, the firm tone of Dow futures supported sentiment.
By sector, services, other products and retail trade were among the top gainers, while machinery, nonferrous metals and precision instruments were among the top decliners. The most actively traded stocks by value on the TSE Prime Market included Amada, BayCurrent, Recruit Holdings, Micronics, Fast Retailing, Nintendo, Tokyo Electron and Sony Group, while IHI, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Mercari, Terumo, SoftBank Group, Mitsubishi Electric, Furukawa Electric, NEC and Fujikura declined.
With investors still assessing the US PPI release for October, due this evening, aggressive buying was often limited. There was also a view that the stability of Dow futures was influencing sentiment in the Tokyo market.
Among individual stocks, Amada, BayCurrent, Recruit Holdings, Micronics, Fast Retailing, Nintendo, Tokyo Electron and Sony Group were relatively well bought, while IHI, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Mercari, Terumo, SoftBank Group, Mitsubishi Electric, Furukawa Electric, NEC and Fujikura declined.