The Tokyo stock market remained firm in the afternoon session, with some semiconductor-related stocks bought up and the Nikkei average advancing. The Nikkei remained firm after the morning close and extended its gains in the 10 a.m. hour.
The Nikkei average opened the afternoon session at 66,692.48, up ¥778.49 from the previous day. High-priced semiconductor-related stocks, including Tokyo Electron and Advantest, advanced, lifting the Nikkei, which remained firm.
At the morning close, the Nikkei average was up ¥804.15 from the previous day at 66,318.14, while the TOPIX was up 48.43 points at 4123.73, as buying spread mainly across semiconductor and electronic component stocks. Bank stocks also attracted buying, with the TOPIX's gain exceeding that of the Nikkei. Trading volume was 899.76 million shares, and trading value was ¥3.7397 trillion.
As of 10:18 a.m., the Nikkei average had risen by more than ¥700 from the previous day, extending its gains, as buying in semiconductor-related stocks, led by Tokyo Electron, strengthened and lifted the index. Bank stocks also moved firmly against a backdrop of rising US Treasury yields, with the TOPIX's percentage gain exceeding that of the Nikkei.
At the opening, the Nikkei average began the morning session at 65,639.62, up ¥125.63 from the previous day, while the yen moved weaker and the rise in crude oil prices paused. Buying was led by large-cap stocks.