The Nikkei Stock Average opened on 5 October at ¥69,113.74, up ¥804.28, with major stocks including SoftBank Group and Advantest rising. Buying led the market in the morning, against the backdrop of U.S. market trends and the decision to release emergency crude oil and diesel reserves.
The Nikkei Stock Average opened on 5 October at ¥69,113.74, up ¥804.28 from the previous day. In the U.S. market, the Dow closed up $250.40 and the Nasdaq up 319.26 points, reportedly reflecting expectations that the Federal Open Market Committee would leave policy unchanged at its next meeting after employment data indicated a slowdown in employment growth.
In morning trading, concerns over fuel prices receded following news that the Group of Seven had decided to release emergency reserves of crude oil and diesel fuel. The Nikkei remained firm throughout the day and, although gains lost momentum toward the close as long-term interest rates rose, buying remained dominant.
The Nikkei was supported by major stocks, with broad-based buying centered on semiconductor and AI-related stocks. The leading stocks by trading value on the TSE Prime Market included SoftBank Group, Advantest, Kioxia HD, Fujikura, IBIDEN, Lasertec, Tokyo Electron, Taiyo Yuden, Murata Manufacturing and Fast Retailing. Most showed signs of rising during the session.
By sector, electrical equipment, machinery and chemicals ranked among the top gainers. Overall, buying led the market while downside risk remained contained. Depending on afternoon trading, market attention is expected to shift toward developments driven by the next market catalyst.