Seria and Kobe Bussan surged as the yen strengthened, while SoftBank Group also made a sharp move higher as interest rates fell. The Nikkei Average rebounded for the first time in 5 sessions. Attention is focused on future market trends.
The Nikkei Stock Average rebounded for the first time in 5 sessions, maintaining the momentum following sharp gains in US markets. Interest rates fell amid views that expectations for further Fed rate hikes had receded, with AI and technology stocks driving the market.
The yen briefly strengthened to the ¥155 range per US dollar, its highest level in about a month, weighing on export-related stocks. However, stocks related to IT and semiconductors rose by more than a modest margin.
Among the stocks in focus today, Seria surged on the benefits of the stronger yen. Kobe Bussan, which operates Gyomu Super stores, also rose sharply, while Money Forward and SoftBank Group contributed to the market’s gains.
As part of a review of the Nikkei Average’s constituents, The Nikkei reported that 3 stocks would be added, along with its report on X. Ahead of the release of important US economic indicators, the market is expected to continue seeking to determine its next direction.