The Nikkei 225 recovered to the ¥69,000 range for the first time in 1 month on the 14th in Tokyo trading, while TOPIX exceeded 4,200 points for the first time. Buying spread across a broad range of stocks against the backdrop of higher U.S. markets.
The Nikkei 225 opened higher than the previous day, recovering to the ¥69,000 range. On an intraday basis, this was its highest level in approximately 1 month, since 13 July.
TOPIX set a new record high for the second consecutive day, exceeding 4,200 points for the first time during trading hours. Gains in major U.S. stock indexes improved investor sentiment.
Semiconductor-related stocks showed strength, with Advantest setting a new record high for the second consecutive day. Kioxia Holdings also continued to surge. Major bank stocks, however, remained weak, resulting in mixed performance across sectors.
The Nikkei 225's recovery to the ¥69,000 range was its first in approximately 1 month, since mid-July. Strong earnings at domestic companies, the continued trend of yen depreciation and the tailwind from higher U.S. stocks supported the market. The focus ahead will be on fund inflows into semiconductor-related stocks and efforts to assess the potential for further gains.