The Nikkei Average was up ¥713 and was trading at this level as of 2:50 p.m. Advantest, Tokyo Electron and Kioxia Holdings were the top positive contributors, while Hitachi, Fanuc and TDK were the top negative contributors.
The Nikkei Average was up ¥713, continuing to trade firmly based on contributions from major stocks. Following the morning session, the afternoon session also saw the market testing higher levels.
Advantest, Tokyo Electron and Kioxia Holdings were among the top contributors, while Hitachi, Fanuc and TDK stood out among the top negative contributors. By sector, nonferrous metals, banks, securities and commodities futures, electric power and gas, and mining rose, while machinery, electrical equipment, textiles, marine transportation, and metal products fell.
Companies scheduled to announce earnings later include JT, ZOZO, NRI, Takeda Pharmaceutical, Fuji Electric, Fujitsu, Konami Group, OLC, Keyence, Kansai Electric Power, and Tokyo Electric Power Holdings. In Europe, the ECB is scheduled to announce its policy rate. In the United States, weekly initial jobless claims, the preliminary estimate of real GDP for the July–September quarter, and September PCE are expected to be released.
Intel, Eli Lilly, Merck, SanDisk, Amazon.com, and Caterpillar are among the companies expected to announce July–September quarterly results.