The Nikkei extended its gains in the Tokyo stock market, closing at ¥68,956.72, up ¥2,203.00 from the previous day. The market was led by semiconductor-related stocks and recovered the ¥68,000 range for the first time in 1.5 months.
On the 1st, the Nikkei closed up 3.30% from the previous day at ¥68,956.72, recovering the ¥68,000 range for the first time in approximately 1.5 months. Movements in U.S. technology stocks and Micron's earnings outlook improved investor sentiment.
On the 2nd, intermittent buying in semiconductor-related stocks pushed the index higher as Advantest and Tokyo Electron rose. The Taiwan Weighted Index remaining at high levels also provided support.
On the 3rd, TOPIX extended its gains, supporting the Nikkei, and closed at 4,131.98 points, up 23.33 points from the previous day. The JPX Prime 150 Index also extended its gains, closing at 1,741.15. TSE Prime trading value was an estimated ¥8.7228 trillion, trading volume was 2.64961 billion shares, and the number of issues was 750 advancers, 747 decliners and 53 unchanged.
Regarding the market outlook from April onward, Shoichi Arisawa (有沢 正一), a fellow in the investment research department at Iwai Cosmo Securities, said that buying in AI and semiconductor-related stocks stood out as moves to secure rights to interim dividends intensified. He also said that the improvement in the Tankan survey had brightened the outlook for corporate earnings.