The Yomiuri 333 Index rose ¥439.55 from the previous day to close at ¥53,260.79 in Tokyo trading on the 6th, marking its 2nd consecutive day of gains. The Nikkei 225 recovered to the ¥70,000 level for the first time in approximately 3 months.
In Tokyo trading on the 6th, many of the constituents of the Yomiuri 333 posted large gains, putting the index on an overall upward trend. The Yomiuri 333 closed at ¥53,260.79, up ¥439.55, or 0.83%, from the previous day, marking its 2nd consecutive day of gains. The Nikkei 225 rose ¥737.12 to ¥70,683.98, while the TOPIX gained 38.34 points to 4183.56.
The overall market trend is viewed as a continuation of the previous day's rise in US technology stocks, with buying concentrated in semiconductor-related and electronic-component stocks. Expectations for expanding corporate earnings also prompted investors to buy, against the backdrop of interim earnings announcements by listed companies expected to accelerate from late this month.
Among the constituents of the Yomiuri 333, Taiyo Yuden, TDK and Fujikura recorded the top 3 gains, rising 6.15%, 5.25% and 5.19%, respectively, while Kurasus Chemical, SoftBank Group and KADOKAWA led the declines at 4.98%, 3.11% and 2.73%, respectively. More than 70% of Prime Market stocks rose, according to the market.
The day's market activity, together with movements in the Yomiuri 333 constituents, supported the rise in the Nikkei 225, and the overall view is that the stock market's recovery trend is continuing.