The Nikkei 225 was up more than ¥700 from the previous day in the middle of the morning session on the 25th. Buying of semiconductor-related stocks intensified, with stocks including Tokyo Electron pushing the market higher.
In Tokyo trading on the morning of the 25th, the Nikkei 225 rose more than ¥700 from the previous day. Buying focused on some semiconductor-related stocks, driving the broader market higher. Tokyo Electron and other stocks in particular were cited as factors pushing the market higher.
Bank stocks, which had been soft the previous day, also attracted buying amid rising US Treasury yields. Mitsubishi UFJ and Sumitomo Mitsui both gained, and the TOPIX at times outperformed the Nikkei 225 in percentage terms.
At the open, the Nikkei 225 started 125.63 points higher than the previous day at ¥65,639.62. The yen's move toward depreciation against the dollar and a pause in oil price gains also had an impact, with buying led by large-cap stocks.
Market participants are focusing on short-term supply and demand ahead of the ex-rights date and on sector-specific trends. The performance of the semiconductor and banking sectors is expected to have a potential impact on the market's daily direction.