The Nikkei average extended its winning streak to 5 sessions on the Tokyo stock market on the 25th, closing at ¥66,364.20 and recovering to above ¥66,000 for the first time in 3 weeks. Buying of AI-related and semiconductor-related stocks, driven by gains in U.S. tech stocks, supported the market.
The Nikkei Stock Average ended ¥850.21 higher than the previous day at ¥66,364.20. The market recovered to a level last seen about 3 weeks ago, with buying of some AI-related and semiconductor-related stocks providing support. Rising long-term interest rates also prompted buying of bank stocks and others.
The Tokyo Stock Price Index, or TOPIX, rose 53.29 points to 4128.59, while trading volume was 2.1492 billion shares.
Following gains in U.S. stocks the previous day, semiconductor manufacturing equipment stocks such as Tokyo Electron and Advantest attracted buying and made significant contributions to the average.
Against the backdrop of a temporary rise in long-term interest rates to 3.115%, financial stocks including banks and securities firms also rose on expectations of improved earnings at financial institutions. Buying to secure the right to receive interim dividends from companies with fiscal years ending in March was also encouraged.