The Nikkei 225 rose for a 4th straight day in Tokyo trading on the 24th, as buying spread on the back of gains in U.S. AI and semiconductor stocks. At the same time, rising domestic long-term yields weighed on the market, limiting its movement.
The Nikkei 225 ended Tokyo trading on the 24th up ¥495.04 from the previous day at ¥65,513.99, extending its winning streak to 4 sessions. Trading after the holiday break saw stronger expectations for expanding AI demand, drawing buying mainly into related stocks.
In the U.S. market, AI and semiconductor stocks posted notable gains, with the Nasdaq Composite reaching a new high. The SOX Index also rose more than 8% from the 18th to the 23rd, providing support for semiconductor-related stocks. The Nikkei 225 briefly rose above ¥66,000.
Higher interest rates weighed on the market, with domestic bond-market long-term yields rising to 3.075%. High-valuation stocks saw notable declines, while SoftBank Group fell after the market reacted negatively to news of its bond offering. The TOPIX fell for a 2nd straight day. Trading value on the TSE Prime Market was approximately ¥9.2038 trillion, with 674 advancing issues, 838 declining issues and 42 unchanged issues.
Among individual stocks, Nitto Denko, TDK and FANUC posted notable gains, while value stocks including Itochu, Mitsubishi Corp. and Toyota saw notable declines.