At the morning open in Tokyo on the 1st, the Nikkei 225 extended its gains and traded around ¥600 higher. Buying in semiconductor-related stocks supported the market.
At the morning open in Tokyo on the 1st, the Nikkei Stock Average was about ¥600 higher than the previous day and traded in the ¥67,300 range. Buying in semiconductor-related stocks pushed up the Nikkei 225.
Against the backdrop of developments in U.S. markets, the technology-heavy Nasdaq Composite rebounded, while Alphabet, Apple and NVIDIA attracted buying, which appears to have supported market sentiment.
In Tokyo, Advantest and Tokyo Electron were bought, with some market participants estimating that they pushed up the Nikkei 225 by about ¥500. Kioxia also rose more than 4% at one point. Micron Technology's earnings exceeded market expectations and may have been viewed as a buying catalyst for semiconductor-related stocks, while the TOPIX fell.
Among advancing stocks, Ibiden, Murata Manufacturing and Fast Retailing rose, while Chugai Pharmaceutical, Tokio Marine and KDDI declined. Semiconductor-related stocks and U.S. equities are expected to remain in focus going forward.