The Nikkei 225 was up ¥835 as of 13:50. Domestic interest rates have also been rising against the backdrop of higher long-term U.S. Treasury yields, but stocks with a high contribution to the index supported gains, while sectors such as electrical equipment attracted buying.
The Nikkei 225 rose ¥835, with Advantest, Ibiden and Tokyo Electron among the top contributors. Meanwhile, Recruit Holdings, Itochu and Tokio Marine were negative contributors. By sector, electrical equipment, nonferrous metals, glass and ceramics, rubber products, and machinery were the main drivers of the gains.
The Nikkei 225 has been trading with limited upside, and rising domestic interest rates following the increase in long-term U.S. Treasury yields appear to be weighing on the market as a whole.
Market-wide trends are reflected in the performance of the top contributing stocks and sectors, with attention also focused on movements in afternoon trading.
This article was distributed by Fisco and carried by Yahoo! Finance.