The Nikkei Average opened ¥502.58 higher at ¥68,811.17 on the 14th. Shortly after the opening, some major stocks attracted buying, and buying prevailed across the market against a backdrop of gains in U.S. stocks the previous day and movements in long-term interest rates.
The Nikkei Average opened ¥502.58 higher than the previous day at ¥68,811.17 on the 14th. The positive impact from U.S. equity markets and falling long-term interest rates have given investors greater confidence. Buying led the market after the opening, with shipping, nonferrous metals and electrical equipment among the sectors posting the strongest gains.
SUMCO, Advantest, Kioxia Holdings, SoftBank Group and Nintendo were among the stocks with the highest trading value on the TSE Prime Market. Current prices were ¥55,600 (+¥3,800) for Kioxia Holdings, ¥4,039 (+¥193) for SUMCO, ¥37,960 (+¥2,020) for Advantest, ¥8,889 (+¥564) for Nintendo and ¥5,881 (+¥306) for SoftBank Group. The Nikkei Average began trading higher for the fourth consecutive session.
Factors cited as likely to influence trading after the opening, following developments in U.S. stock markets, included movements in domestic long-term interest rates, stability in crude oil prices and investors' appetite for stocks that reported strong results for the April-June quarter. At the same time, there was also speculation that rising domestic long-term interest rates were weighing on the market.
Before trading began, data on contracts for purchases and sales of foreign and domestic securities was released. Overseas investors were net sellers of Japanese stocks for the second consecutive week from the 2nd to the 8th, with net sales of ¥368.5 billion. Today is also the SQ calculation date for August stock index futures and options.
By sector, shipping, nonferrous metals, electrical equipment, other products, and glass and ceramics products were rising, while services, mining, warehousing and harbor transportation services, oil and coal products, and securities and commodity futures were declining. Buying was prevailing at the opening as of the latest update.