Tokyo stocks rose for a third straight day as buying spread following the Bank of Japan’s decision to raise interest rates further. The Nikkei Average ended at ¥65,018.95, up ¥882.70 from the previous day.
The Nikkei Average rose for a third straight day on the 18th, ending at ¥65,018.95, up ¥882.70 from the previous day. Estimated trading volume was 2.86228 billion shares and estimated trading value was ¥10.3969 trillion. By issue count, 511 rose, 1,003 fell and 40 were unchanged.
Japanese stocks attracted buying, particularly in AI and semiconductor-related issues, against the backdrop of gains in U.S. stocks. During the midday recess, the results of the Bank of Japan’s Monetary Policy Meeting were released, indicating that the policy rate would be raised by 0.25 percentage points. With 2 members voting against the decision, the outcome suggested a cautious stance toward the pace of future rate hikes, prompting yen selling and buying in the stock market.
Among individual stocks, Kioxia Holdings Corporation, Advantest Corporation and SoftBank Group Corp. rose, while Lasertec Corporation, Tokyo Electron Limited and Murata Manufacturing Co., Ltd. also attracted buying. In contrast, bank stocks including Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. and Mizuho Financial Group, Inc. fell, while Toyota Motor Corporation, Nintendo Co., Ltd., Sony Group Corporation and KDDI Corporation remained weak.
The broader market was constrained by selling to adjust positions ahead of the autumn extended holiday period known as Silver Week, and there were periods when gains narrowed.