The Nikkei 225 rebounded, rising 0.86%, while TOPIX weakened, falling 0.18%. The large contribution from high-priced stocks suggested that funds were concentrated in particular areas, making the divergence between the indices more pronounced.
The Nikkei 225 rebounded from the previous day, rising 0.86%, while TOPIX was slightly lower at -0.18%. When high-priced stocks lead the market, funds tend to concentrate in stocks with a large impact on the index, and buying has remained slow to spread to a broader range of names. As a result, the concentration of funds has become a focus when the indices diverge.
SoftBank Group, Tokyo Electron and Advantest were cited as major stocks with significant market impact and large price movements, and are said to be likely to serve as the focus when high-priced stocks lead the market. Performance metrics such as revenue, profit and ROE for the fiscal year ending March 2026 are likely to attract attention as a basis for stock selection during periods of divergence between the indices.
Trading by general trading companies and financial stocks is expected to emerge as a destination for rotation from TOPIX-linked and value stocks, with names such as Mitsubishi Corporation, Sumitomo Mitsui Financial Group and Nomura Holdings attracting attention. Payout ratios and shareholder returns are also considered potential factors in their reassessment.
The news article cites Yahoo! Finance's index data and stock news as supporting information, and refers to information provided by the company in making daily market assessments.