Nikkei Average extends winning streak to 5 sessions in the ¥66,000 range. AI and semiconductor stocks were bought steadily, while buying ahead of the interim dividend ex-rights trading date on the 28th was observed.
In the Tokyo market on 25 September, the Nikkei Average closed at ¥66,364.20, up ¥850.21 from the previous day, extending its winning streak to 5 sessions. The rise was supported by firm performance in AI- and semiconductor-related stocks in the US market.
Among individual stocks, Advantest, Ibiden, Kioxia Holdings and Tokyo Electron rose. Buying also spread to high-dividend stocks amid expectations regarding dividend yields.
The interim dividend and shareholder benefit ex-rights trading date for the fiscal year ending March is approaching on the 28th, and buying by individual investors seeking to secure these rights was expected to emerge. In the US market, the Dow rebounded and the Nasdaq also extended its gains, with US stock-market movements affecting the Japanese market.
Regarding the market outlook after the US-China summit, many viewed the leaders' stance toward negotiations as constructive but considered the major results limited.