The Nikkei rose ¥177 in the morning session, extending its gains to 3 consecutive days. Buying led the market against a backdrop of gains in U.S. stocks, but the index briefly turned lower after Samsung Electronics of South Korea reported results below expectations, before remaining firm on dip buying.
The Nikkei Stock Average in the morning session rose ¥177.09 from the previous day to ¥64,131.28, marking its 3rd consecutive gain. The TOPIX, meanwhile, fell 11.82 points to 3,979.89, extending its decline.
The market opened with buying led by gains in U.S. stocks. AI and semiconductor stocks pushed the Nikkei higher, and the index rose sharply at 10:04 a.m. However, when Samsung Electronics of South Korea reported results below market expectations, funds flowed into related stocks and the Nikkei briefly moved into negative territory.
The Nikkei then remained firm, supported by dip buying. The exchange rate held in the upper ¥157 range per dollar.
Trading volume on the TSE Prime Market was 1,030.46 million shares and trading value was ¥4.475 trillion. There were 478 advancing stocks, 1,024 declining stocks and 47 unchanged stocks.