The Nikkei Average extended its gains at the 1 October opening, rising ¥352.80 from the previous day to ¥67,106.52. Buying spread across AI-related and semiconductor-related shares against a backdrop of firm US technology stocks.
The Nikkei Average rose by triple digits at the 1 October morning opening, starting trading at ¥67,106.52, up ¥352.80 from the previous day. In the US market, the NY Dow fell for a third consecutive day, while the Nasdaq Composite rebounded, helped by Micron Technology's strong earnings. This also prompted notable buying of AI-related and semiconductor-related shares in the Tokyo market.
The large-manufacturer DI in the September Tankan survey released by the BOJ rose from the previous period to 24, while the yen was gradually revised weaker from the high-¥154 range against the dollar.
In the Tokyo foreign exchange market, as of 9:02 a.m., the dollar-yen rate was around the mid-¥157 range and the euro-yen rate around the mid-¥178 range, with the yen continuing to weaken.
As for Nikkei Average futures, the yen-denominated settlement price for Chicago Nikkei 225 futures was around ¥67,115, up ¥175 from the previous day.
Wealth Advisor, the information provider, said that movements in US technology stocks would continue to affect the tone of Japanese equities.