In the Tokyo stock market on the morning of the 14th, the Nikkei Average rebounded and traded at around ¥68,193.13, up approximately ¥415 from the previous day. Buying focused on semiconductor-related stocks, lifting issues such as Advantest. Trading value on the TSE Prime Market was approximately ¥3.3055 trillion, and the morning session ended on a firm note.
In the Tokyo stock market on the morning of the 14th, the Nikkei Stock Average rebounded. A technical rebound was expected following the previous declines, and buying was dominant, particularly in semiconductor-related stocks. The Nikkei Average stood at ¥68,193.13 at the morning close, up approximately ¥415 from the previous day. At times, buying in stock index futures also widened the gains.
Buying was said to have focused on AI- and semiconductor-related stocks such as Advantest, SoftBank Group and Fujikura. Following a decline of approximately ¥2,900 over the 4 trading sessions through the previous day, conditions favored buying in semiconductor-related stocks. Although concerns about semiconductor demand in the U.S. market weighed on the market at times, a technical rebound was the prevailing trend in Tokyo.
By sector, bank stocks were notably lower, affected by selling following earnings reports from major U.S. banks. Following the weak performance of stocks such as JPMorgan Chase in the previous day’s U.S. market, domestic megabanks such as Mitsubishi UFJ also came under selling pressure.
At the morning close, TSE Prime Market indicators showed TOPIX lower, with the index at 4108.80, down 0.05%. The JPX Prime 150 Index was trading slightly higher. Stocks supporting the Nikkei Average’s rise included Fast Retailing, Tokyo Electron, Recruit and Taiyo Yuden, while Terumo, Chugai Pharmaceutical, AEON and Otsuka Holdings declined.