In the Tokyo market’s afternoon opening session on the 13th, the Nikkei struggled to extend its gains and was up approximately ¥430 from the previous day. Buying of futures by overseas short-term investors continued, but momentum weakened after South Korea’s KOSPI turned lower.
In the Tokyo stock market’s afternoon opening session on the 13th, the Nikkei Stock Average was trading around 6,1300, up approximately ¥430 from the previous day. Selling spread to some AI and semiconductor-related stocks, limiting the Nikkei’s gains.
In the afternoon, South Korea’s KOSPI turned lower, and buying momentum in Nikkei futures by overseas short-term investors weakened at times. The possibility that the futures-led move could pause was also being considered.
In off-auction trading on the TSE after the morning close, basket trades by large investors worth approximately ¥107.9 billion were executed. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥4.4419 trillion and trading volume was 1,253.50 million shares.
Advantest, Fast Retailing and Recruit, all high-priced stocks, were bought, while SoftBank Group extended its decline. Kioxia, Ibiden and Fujikura, all of which had risen in the morning session, turned lower.