In the Tokyo market on the morning of the 11th, the Nikkei 225 closed the morning session at ¥60,942.48, up ¥482.90 from the previous day, as views spread that buying back semiconductor-related stocks and the unwinding of outstanding margin long positions had improved supply-demand conditions.
The Nikkei 225 extended its gains in the Tokyo stock market on the morning of the 11th, closing the morning session at ¥60,942.48, up ¥482.90 from the previous day. The valuation appeal created by the sharp drop following the US midterm elections and the unwinding of outstanding margin long positions improved supply-demand conditions, while buying by individual investors lifted the market. The index initially fell on concerns over lower US stocks and SBG's decline, but recovered after the selling subsided.
Semiconductor-related stocks supported the market. Advantest, Tokyo Electron, Lasertec, TDK, Ibiden and Taiyo Yuden attracted buying, and the Nikkei 225 briefly recovered to the ¥60,000 level. While outstanding margin long positions have declined somewhat, leading to growing views that supply-demand conditions have eased, semiconductor and AI-related stocks remain in focus as leading issues that influence the market's direction.
By individual issue, TDK, Ibiden, Lasertec and Taiyo Yuden rose, while Konami Group, Recruit, Honda and Suzuki fell. SBG fell approximately 10% in early trading but pared its losses after the earnings announcement, easing downward pressure on the broader market. SBG's earnings showed a net loss.