The Nikkei Average stood at ¥65,476.44 at the open, up ¥457.49. Buying led by Socionext and Sumitomo Electric Industries, among others, supported AI-related and semiconductor stocks.
The Nikkei Average opened on the 24th at ¥65,476.44, up ¥457.49, extending its winning streak to 4 sessions. Against the backdrop of movements in U.S. markets, stocks with high exposure to technology attracted buying. While the Dow fell in the previous day's U.S. trading, the Nasdaq rose, and the market opened amid mixed factors including lower oil prices and interest-rate trends.
By sector, nonferrous metals, glass and ceramics products, machinery, electric appliances, and rubber products ranked among the top gainers by percentage change, while services, electric power and gas, banks, other products, and land transportation were among the top decliners. Socionext, Ibiden, Renesas, Sumitomo Electric Industries, and SoftBank Group were among the stocks with the highest trading value on the TSE Prime Market.
As a broader market backdrop, the yen weakened and the dollar strengthened at one point, with the dollar rising into the latter half of the ¥158 range. This prompted views that the move could boost exporters' earnings. At the same time, some said that rising long-term interest rates in overseas markets could weigh on share prices, while others saw limited upside for the Nikkei Average.