The Nikkei Average posted only a modest gain, while TOPIX rose more than 1% in the morning session, widening the performance gap between the two indices. The Nikkei Average's gains are more susceptible to the impact of high-priced stocks, while TOPIX's outperformance suggests that funds are flowing into a broad range of stocks.
In the morning session, the Nikkei Average rose 0.20% and TOPIX gained 1.04%, creating a wide gap between the two indices. The Nikkei Average is more susceptible to the impact of high-priced stocks, while TOPIX's outperformance suggests that funds are flowing into a broad range of stocks.
In the short term, the focus will be on whether broad-based buying, including value and large-cap stocks, continues rather than the market remaining focused solely on growth stocks.