The Nikkei 225 was up 159 yen and stood at that level as of 1:50 p.m., with movements in major contributing stocks and key sectors reported. Rising crude oil prices and concern over domestic interest rates are weighing on further gains.
The Nikkei 225 was trading 159 yen higher, with its level as of 1:50 p.m. reported. The market was showing gains from the previous day's close. Movements in Dow futures and developments in the South Korean market were cited as supporting factors for the Tokyo market.
SoftBank Group, Tokyo Electron, and Mitsubishi Corporation were the top positive contributors, while Fast Retailing, Ibiden, and Fujikura were among the top negative contributors. Overall, these movements supported gains in the Nikkei 225, although localized downward pressures remained.
By sector, oil and coal products, wholesale trade, marine transportation, electric power and gas, and securities and commodity futures posted the largest gains, while mining, nonferrous metals, retail trade, rubber products, and foods recorded the largest declines.
Factors influencing the market included firm crude oil futures and concern that domestic long-term interest rates could rise further, with caution prevailing toward chasing additional gains.