The Nikkei 225 rose as semiconductor stocks led the market and buying prevailed. After reaching a morning-session high of ¥66,668, the index held on to its gains and extended its advance, ending at ¥66,399, up ¥1,378.
Against a backdrop of gains in U.S. semiconductor stocks, buying focused on major names in the Tokyo market, sending the Nikkei 225 sharply higher. The index reached a high of ¥66,668 in the morning session and remained broadly firm in the afternoon, maintaining its morning momentum. It ultimately ended trading at ¥66,399, up ¥1,378 from the previous day.
Among individual stocks, Kioxia Holdings climbed sharply to ¥59,530, while SanDisk-related stocks also remained firm. Toyota Motor rebounded for the first time in 4 trading days as software updates and other factors attracted buying. Nidec was also bought heavily after its press conference was interpreted as indicating that the fiscal impact would be limited.
Kura Sushi fell back after announcing the cancellation of a promotional campaign tied to a popular manga. Daido Steel rebounded sharply after its investment rating was raised, increasing expectations for a short-term upward revision to earnings forecasts.
The market is expected to remain focused on the release of U.S. inflation data this week, with share-price volatility anticipated depending on inflation trends. Investors also took note that the U.S. market will be closed for a holiday tonight.