The Nikkei 225 extended its gains in the morning session of the Tokyo market, briefly recovering to ¥61,000 amid concerns over U.S. economic data. Strong earnings from CoreWeave, a U.S. emerging cloud company, attracted buying, while the improving market tone also provided support.
The Nikkei 225 ended the morning session of the Tokyo market up ¥482.90 from the previous day at ¥60,942.48. Amid concerns that the U.S. October CPI could exceed expectations, strong earnings from U.S. emerging cloud company CoreWeave prompted buying.
TOPIX was up 0.79% at 3,924.51 points, while trading value on the TSE Prime Market was ¥4.092949 trillion. By sector, textiles, securities and commodity futures trading, and banks rose, while transportation equipment and land transportation fell.
Among individual stocks, AI and semiconductor-related shares, including Kioxia Holdings, were firm, while stocks such as Hamamatsu Photonics and Sumitomo Realty & Development rose after reporting strong earnings. SoftBank Group, meanwhile, remained weak after reporting a loss-making quarter.
Market participants are focusing on the flow of earnings announcements, and strong-earnings stocks continue to attract buying. As market conditions stabilize, the performance of companies reporting strong earnings may continue to be a focus for investors.