The Nikkei 225 started the day on a four-day winning streak, opening ¥457.49 higher than the previous day at ¥65,476.44. Buying was strongest in related stocks following gains in US technology shares.
The Nikkei 225 opened on the 24th at ¥65,476.44, up ¥457.49 from the previous trading day. The Tokyo market was closed during Silver Week, while buying led the market against the backdrop of strength in US technology stocks.
Following the moves in the US market, buying spread across technology stocks, particularly semiconductor-related names, and the Nasdaq Composite set a record closing high for the second consecutive day on the 21st and 22nd in local time.
Immediately after the open, buying spread to stocks including Advantest, Tokyo Electron and SoftBank Group. USD/JPY was trading in the low ¥158s per dollar, with periods of yen weakness also drawing attention.
The yen-denominated settlement price for Chicago Nikkei 225 futures was ¥65,925, up ¥825 from the previous Friday, also influencing the Tokyo market.