Around mid-morning on the 24th, the Nikkei 225 on the TSE Prime Market was up about ¥1,200 from the previous close, reaching the mid-¥66,200s. The OECD raised its global growth forecast, putting Japan's growth at 0.8%. Buying spread across AI and semiconductor-related stocks, while electric power and gas stocks remained weak.
The Nikkei 225 rose about ¥1,200 from the previous day, reaching the mid-¥66,200s. It moved above the ¥66,000 milestone for the first time since the 8th, as buying in AI and semiconductor-related stocks lifted the broader market. In terms of price movements, TDK, Advantest and SoftBank Group were seen trading at higher levels.
Among economic indicators, the OECD raised its forecast for global growth in 2026 by 0.1 percentage point from its previous outlook to 2.9%, and raised its forecast for Japan's growth to 0.8%. The OECD said that while the impact of higher oil prices resulting from turmoil in the Middle East would persist, robust AI-related investment would boost growth.
Among individual stocks, semiconductor and electronics-related names including Ibiden, Sumitomo Electric Industries and SCREEN Holdings stood out with gains. Meanwhile, electric power and gas-related stocks including TEPCO Holdings and Osaka Gas fell broadly.
The long-term interest rate temporarily rose to 3.055% in the domestic bond market on the 24th, reaching its highest level in 30 years, since August 1996. Concerns over rising domestic interest rates intensified against a backdrop of inflation fears and the outlook for US interest rates.
As of 10 a.m., trading value on the TSE Prime Market was approximately ¥3.0421 trillion, and trading volume was approximately 760.28 million shares.